CommScope (COMM) Tops Q2 EPS by 2c; Issues Light Q3 Outlook

CommScope (NASDAQ: COMM) reported Q2 EPS of $0.49, $0.02 better than the analyst estimate of $0.47. Revenue for the quarter came in at $867 million versus the consensus estimate of $881.19 million.

CommScope management provided the following third quarter guidance, which excludes the impact of the planned acquisition, amortization of purchased intangibles, restructuring costs, transaction and integration costs and other special items.

Third Quarter 2015 Guidance:

• Revenue of $850 million – $900 million
• Adjusted operating income of $160 million – $180 million
• Adjusted earnings per diluted share of $0.45 – $0.50

*** The Street sees Q3 revenue of $980.7 million and EPS of $0.57.

For earnings history and earnings-related data on CommScope (COMM) click here.

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