CommScope Q1 Sales Drop 1.9%, Arris Sales Dip 12.4% | Light Reading

CommScope Holding Company, Inc. (NASDAQ: COMM), a global leader in infrastructure solutions for communications networks, reported results for the quarter ended March 31, 2019.

The company reported first quarter sales of $1.10 billion, a decrease of 1.9% compared to $1.12 billion during the same period in the prior year. CommScope generated a net loss of $2.3 million, or $(0.01) per basic share, a decrease from the prior year period’s net income of $33.7 million, or $0.17 per diluted share. Non-GAAP adjusted net income for the first quarter of 2019 was $93.0 million, or $0.48 per diluted share, versus $95.0 million, or $0.49 per diluted share, in the first quarter of 2018.

Arris CPE sales drop 5.8%, to $824.2 million, in period.

Source: CommScope Q1 Sales Drop 1.9%, Arris Sales Dip 12.4% | Light Reading

Advertisements