CommScope (COMM) Tops Q1 EPS by 4c, Revenues Beat; Affirms Q2 EPS/Revenue Guidance Below Consensus
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CommScope Reports First Quarter 2019 Results
May 9, 2019 6:00 AM EDTFirst Quarter 2019 Highlights (all comparisons are year-over-year)
Sales of $1.10 billion decreased 1.9% GAAP operating income of $90.7 million decreased 12.6% Non-GAAP adjusted operating income (excluding special items) increased 1.1% to $190.7 million, or 17.3% of sales, an increase of 50 basis points Non-GAAP adjusted EBITDA increased 0.1% to $208.4 million, or 19.0% of sales, an increase of 40 basis points GAAP net loss of $(0.01) per basic share compared to net income of $0.17 per diluted share Non-GAAP adjusted net income (excluding special items) of $0.48 per diluted share... More