CommScope Reports First Quarter 2019 Results
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CommScope (COMM) Tops Q1 EPS by 4c, Revenues Beat; Affirms Q2 EPS/Revenue Guidance Below Consensus
May 9, 2019 6:08 AM EDTCommScope (NASDAQ: COMM) reported Q1 EPS of $0.48, $0.04 better than the analyst estimate of $0.44. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.08 billion.
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 pointsNon-GAAP adjusted EBITDA increased 0.1% to $208.4 million, or 19.0% of sales, an increase of 40 basis pointsGAAP net loss of $(0.01) per basic share compared to net income of $0.17 per diluted shareNon-GAAP adjusted net income (excluding... More