Why CommScope Holding Company, Inc. Tumbled on Thursday
Shares of CommScope (NASDAQ: COMM) fell as much as 16.5% on Thursday, but are down 12.9% at the time of this writing. The stock's decline follows the communication networks infrastructure company's second-quarter earnings report on Thursday morning.
Both CommScope's revenue and adjusted earnings per share were lower than analysts were expecting. On average, analysts forecasted revenue and adjusted EPS for CommScope's second quarter of $1.22 billion and $0.65, respectively. CommScope reported second-quarter revenue and adjusted EPS of $1.17 billion and $0.60. These results compared to revenue and adjusted EPS of $1.32 billion and $0.74 in the year-ago quarter.
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Source: Fool.com
Commscope Hldg Co. Inc. Aktie
1,53 €
-6,59 %
