CommScope Reports Second Quarter 2020 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/6/2026
- Wall Street ends lower as solid jobs data fuels hawkish Fed bets
- US nonfarm payrolls blow past expectations in August; unemployment rate steady at 4.1%
- BofA's Hartnett says stay long commodities and gold as 'policy panic' works
- Oil ends week higher on renewed US-Iran strikes, diesel hits record
- TikTok owner ByteDance said to secure $29.6bn loan for AI push
- After-Hours Movers: LULU, IOT, PATH, DOCU, ASAN, GWRE, ZS, PL, SWBI, OXM
- After-Hours Movers: AVGO, SNOW, HPE, NTAP, NTSK, CHPT, FIVE, TLYS, PVH, RARE
- After-Hours Movers: DELL, PANW, GTLB, CRDO, MDB, HPE, SMCI
- After-Hours Movers: WDAY, ADSK, S, RBRK, MRVL, ULTA, GAP, AFRM
- After-Hours Movers: NVDA, CRM, SNPS, CRWD, OKTA, NTNX
CommScope (COMM) Tops Q2 EPS by 13c, Revenues Beat
August 6, 2020 6:19 AM EDTCommScope (NASDAQ: COMM) reported Q2 EPS of $0.32, $0.13 better than the analyst estimate of $0.19. Revenue for the quarter came in at $2.1 billion versus the consensus estimate of $2.06 billion.
Highlights
Net sales of $2.103 billion; 3% improvement from Q1GAAP net loss of $321.1 millionNon-GAAP adjusted EBITDA of $279.8 million; 21% improvement from Q1Cash flow from operations of $209.1 million and adjusted free cash flow of $217.4 millionCompany further de-risks balance sheet and extends debt maturitiesSales and non-GAAP adjusted EBITDA expected to improve in the second half of 2020The network... More
