CommScope Reports First Quarter 2020 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/15/2026
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- Oil rises after US threatens indefinite blockade of Iran; set for weekly gains
- Are KOSPI and SOX in a bubble? Citi answers
- Could Intel return to the red-hot memory market after $20B raise and recent hire?
- BOJ eyeing September rate hike, faster pace of tightening, sources say
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- SanDisk upgraded at JPMorgan after investor day; shares climb
- Micron: New Street upgrades to buy, says memory is no longer a cyclical story
CommScope (COMM) Tops Q1 EPS by 5c, Revenues Beat; Withdraws FY20 Guidance
May 7, 2020 6:08 AM EDTCommScope (NASDAQ: COMM) reported Q1 EPS of $0.12, $0.05 better than the analyst estimate of $0.07. Revenue for the quarter came in at $2.03 billion versus the consensus estimate of $1.99 billion.
Highlights
Net sales of $2.03 billionGAAP net loss of $159.9 millionNon-GAAP adjusted EBITDA of $231.2 millionRedeemed $100 million aggregate principal amount of 5% senior notes due 2021Debt reduced by over $600 million since ARRIS acquisition closeIn this period of uncertainty in our global operating environment, we are focused first and foremost on the health and wellbeing of our employees, their families and the... More
