CommScope (COMM) Tops Q4 EPS by 12c; Guides Q1 Lower Due to Coronavirus

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Go back to CommScope (COMM) Tops Q4 EPS by 12c; Guides Q1 Lower Due to Coronavirus

CommScope Reports Fourth Quarter and Full Year 2019 Results

February 20, 2020 6:30 AM EST

HICKORY, N.C.--(BUSINESS WIRE)-- CommScope Holding Company, Inc. (NASDAQ: COMM), a global leader in infrastructure solutions for communications networks, reported results for the quarter and year ended December 31, 2019.

The company reported fourth quarter net sales of $2.30 billion, an increase of 117.3% compared to $1.06 billion during the same period in the prior year. Fourth quarter 2019 included sales of $1.33 billion from ARRIS, which was acquired on April 4, 2019. ARRIS sales in the fourth quarter included a $13.2 million reduction related to deferred revenue purchase accounting adjustments.

CommScope generated a net loss available to common... More