COMM - CommScope Struggles With Reduced Demand Misses Q3 Earnings Cuts EBITDA Forecast | Benzinga
CommScope Holding Company, Inc. (NASDAQ: COMM) reported third-quarter (Q3) net sales of $1.6 billion, missing the street view of $1.98 billion. Net sales declined 33% Y/Y.
The Claremont, North Carolina-based company registered an adjusted diluted EPS of $0.13, missing the analyst consensus of 30 cents.
The company registered non-GAAP adjusted EBITDA of $248.6 million, down 28.5% Y/Y.
Non-GAAP adjusted EBITDA margin was 15.5% in Q3 compared to 14.6% in the ...