CommScope (COMM) Tops Q4 EPS by 4c
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CommScope Reports Strong Fourth Quarter 2016 Results
February 23, 2017 6:00 AM EST- Mobility and FTTX Drive Double-Digit North American Growth -
- Announces $100 Million Share Repurchase Plan -
Fourth Quarter 2016 Highlights Sales grew 3 percent year over year to $1.18 billion Gross margin improved to 42 percent, up over 650 basis points year over year GAAP operating income rose significantly to $119 million Adjusted operating income (excluding special items) increased 28 percent year over year to $252 million, or 21 percent of sales Earnings improved significantly to $0.28 per diluted share Adjusted earnings increased 45 percent year... More