CommScope Hldg Co Q2 2024 Adj. EPS $0.34 Beats $(0.01) Estimate, Sales $1.387B Beat $1.228B Estimate
Portfolio Pulse from Benzinga Newsdesk
CommScope Holding Company reported its Q2 2024 adjusted EPS of $0.34, significantly beating the estimate of $(0.01). The company's sales also surpassed expectations, coming in at $1.387 billion compared to the estimated $1.228 billion.
August 08, 2024 | 10:31 am
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CommScope Holding Company reported a strong Q2 2024 with an adjusted EPS of $0.34, beating the $(0.01) estimate. Sales also exceeded expectations at $1.387 billion versus $1.228 billion estimated.
The significant beat on both EPS and sales estimates is likely to positively impact CommScope's stock price in the short term. Investors typically react favorably to such earnings surprises.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100