CommScope Hldg Co (NASDAQ:COMM) reported its Q3 earnings results on Thursday, November 9, 2023 at 06:30 AM.
Here’s what investors need to know about the announcement.
Earnings
CommScope Hldg Co missed estimated earnings by 56.67%, reporting an EPS of $0.13 versus an estimate of $0.3.
Revenue was down $781.50 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.2 which was followed by a 1.23% drop in the share price the next day.
Here’s a look at CommScope Hldg Co’s past performance:
| Quarter | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.39 | 0.33 | 0.49 | 0.46 |
| EPS Actual | 0.19 | 0.35 | 0.49 | 0.50 |
| Revenue Estimate | 2.04B | 2.15B | 2.36B | 2.30B |
| Revenue Actual | 1.92B | 2.00B | 2.32B | 2.38B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
CommScope Hldg Co management provided guidance for Q3 2023, expecting earnings between $0.13 and $0.13 per share.
To track all earnings releases for CommScope Hldg Co visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
