CommScope: Q2 Earnings Snapshot
HICKORY, N.C. (AP) _ CommScope Holding Co. (COMM) on Thursday reported a loss of $61 million in its second quarter.
On a per-share basis, the Hickory, North Carolina-based company said it had a loss of 36 cents. Earnings, adjusted for one-time gains and costs, came to 41 cents per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.
The wireless and broadband network technology company posted revenue of $2.3 billion in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $2.26 billion.