CLAREMONT, N.C. (AP) — CLAREMONT, N.C. (AP) — CommScope Holding Co. (COMM) on Thursday reported a loss of $33 million in its third quarter.
On a per-share basis, the Claremont, North Carolina-based company said it had a loss of 23 cents. Losses, adjusted for one-time gains and costs, were 5 cents per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.
The wireless and broadband network technology company posted revenue of $1.08 billion in the period, also missing Street forecasts. Six analysts surveyed by Zacks expected $1.42 billion.
_____
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
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
