CommScope Hldg Co: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
CommScope Hldg Co (NASDAQ:COMM) reported Q3 earnings, missing estimated earnings by 56.67% with an EPS of $0.13 versus an estimate of $0.3. Revenue was down $781.50 million from the same period last year. The company's past performance shows a trend of missing EPS estimates. The company provided guidance for Q3 2023, expecting earnings between $0.13 and $0.13 per share.
November 09, 2023 | 11:35 am
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CommScope Hldg Co's Q3 earnings missed estimates significantly, which could negatively impact the stock price in the short term.
CommScope Hldg Co's earnings miss was significant, at 56.67% below estimates. This is likely to be seen as a negative by investors, potentially leading to a drop in the stock price. The company's past performance also shows a trend of missing EPS estimates, which could further erode investor confidence.
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