CommScope: Q1 Earnings Snapshot

May 5, 2022 GMT

HICKORY, N.C. (AP) _ CommScope Holding Co. (COMM) on Thursday reported a loss of $139.9 million in its first quarter.

On a per-share basis, the Hickory, North Carolina-based company said it had a loss of 75 cents. Earnings, adjusted for amortization costs and non-recurring costs, came to 26 cents per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.

The wireless and broadband network technology company posted revenue of $2.23 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $2.1 billion.


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