CommScope Holding Company Inc reports results for the quarter ended June 30 - Earnings Summary

• CommScope Holding Company Inc COMM.OQ reported quarterly adjusted earnings of 44 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 34 cents. The mean expectation of eight analysts for the quarter was for earnings of 23 cents per share. Wall Street expected results to range from 19 cents to 28 cents per share.

• Revenue rose 0.1% to $1.39 billion from a year ago; analysts expected $1.25 billion.

• CommScope Holding Company Inc's reported EPS for the quarter was 6 cents​.

• The company reported quarterly net income of $14.7 million.

• CommScope Holding Company Inc shares had risen by 74.4% this quarter and gained 177.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the communications & networking peer group is also "buy"

• Wall Street's median 12-month price target for CommScope Holding Company Inc is $11.50, about 25.6% below its last closing price of $14.44

This summary was machine generated from LSEG data August 7 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)