CommScope Reports Third Quarter 2019 Results
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CommScope (COMM) Tops Q3 EPS by 11c, Revenues Miss; Offers Q4 EPS/Revenue Guidance Below Consensus
November 7, 2019 6:15 AM UTCCommScope (NASDAQ: COMM) reported Q3 EPS of $0.55, $0.11 better than the analyst estimate of $0.44. Revenue for the quarter came in at $2.38 billion versus the consensus estimate of $2.42 billion.
Third Quarter 2019 Highlights
(all comparisons highlighted below are year-over-year)
Net sales of $2.38 billionGAAP operating loss of $(50.8) millionGAAP net loss of $(0.88) per basic share compared to net income of $0.33 per diluted shareNon-GAAP adjusted EBITDA (excluding special items) increased 55.5% to $369.8 millionNon-GAAP adjusted net income (excluding special items) of $0.55 per diluted share decreased 6.8%GAAP cash flow... More