CommScope (COMM) Reports Q3 Loss, Lags Revenue Estimates
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CommScope (COMM) reported a Q3 loss of $0.05 per share, missing the Zacks Consensus Estimate of $0.33. This is a decline from the $0.13 per share earnings reported a year ago.
November 07, 2024 | 2:00 pm
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CommScope reported a Q3 loss of $0.05 per share, significantly missing the Zacks Consensus Estimate of $0.33, and showing a decline from last year's earnings.
The significant miss on earnings estimates and the decline from last year's earnings are likely to negatively impact CommScope's stock price in the short term. Investors may react to the unexpected loss and the deviation from expected performance.
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