CLAREMONT, N.C. (AP) — CLAREMONT, N.C. (AP) — CommScope Holding Co. (COMM) on Thursday reported a loss of $359.2 million in its first quarter.
On a per-share basis, the Claremont, North Carolina-based company said it had a loss of $1.77. Losses, adjusted for non-recurring costs and to account for discontinued operations, came to 8 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 23 cents per share.
The wireless and broadband network technology company posted revenue of $1.17 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $1.04 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COMM at https://www.zacks.com/ap/COMM
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