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CommScope: 1Q Earnings Snapshot

HICKORY, N.C. (AP) _ CommScope Holding Co. (COMM) on Thursday reported a first-quarter loss of $2.3 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Hickory, North Carolina-based company said it had a loss of 1 cent. Earnings, adjusted for one-time gains and costs, came to 48 cents per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.

The wireless and broadband network technology company posted revenue of $1.1 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $1.08 billion.

For the current quarter ending in July, CommScope expects its per-share earnings to range from 54 cents to 62 cents.

The company said it expects revenue in the range of $2.49 billion to $2.65 billion for the fiscal second quarter.

CommScope shares have climbed 41% since the beginning of the year. The stock has dropped 22% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COMM at https://www.zacks.com/ap/COMM