CommScope (COMM) Tops Q3 EPS by 10c
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CommScope Reports Third Quarter 2016 Results
November 3, 2016 6:01 AM EDTThird Quarter Highlights Sales of $1.29 billion, up 33 percent year over year Gross margin of 42 percent GAAP operating income of $181 million Adjusted operating income (excludes special items) of $297 million, or 23 percent of sales Net income of $0.48 per diluted share Adjusted net income of $0.81 per diluted share, up 53 percent year over year Cash flow from operations of $257 million, up 128 percent year over year
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