CommScope Hldg Co Q2 Adj EPS $0.19 Misses $0.39 Estimate, Sales $1.92B Miss $2.04B Estimate
Portfolio Pulse from Benzinga Newsdesk
CommScope Hldg Co (NASDAQ:COMM) reported Q2 adjusted earnings of $0.19 per share, missing the analyst consensus estimate of $0.39 by 51.28%. This is a 53.66% decrease from the same period last year. The company also reported quarterly sales of $1.92 billion, missing the analyst consensus estimate of $2.04 billion by 5.98%. This is a 16.61% decrease from the same period last year.
August 04, 2023 | 12:48 pm
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NEGATIVE IMPACT
CommScope Hldg Co's Q2 earnings and sales missed estimates, indicating a potential negative impact on the company's stock price.
CommScope Hldg Co's Q2 earnings and sales missed analyst estimates by significant margins. This underperformance could lead to a decrease in investor confidence, potentially driving the company's stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100