CommScope Hldg Co: Q3 Earnings Insights

CommScope Hldg Co (NASDAQ:COMM) reported its Q3 earnings results on Thursday, November 9, 2023 at 06:30 AM.

Here's what investors need to know about the announcement.

CommScope Hldg Co missed estimated earnings by 56.67%, reporting an EPS of $0.13 versus an estimate of $0.3.

Revenue was down $781.50 million from the same period last year.

Last quarter the company missed on EPS by $0.2 which was followed by a 1.23% drop in the share price the next day.

Here's a look at CommScope Hldg Co's past performance:

Quarter	Q2 2023	Q1 2023	Q4 2022	Q3 2022
EPS Estimate	0.39	0.33	0.49	0.46
EPS Actual	0.19	0.35	0.49	0.50
Revenue Estimate	2.04B	2.15B	2.36B	2.30B
Revenue Actual	1.92B	2.00B	2.32B	2.38B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

CommScope Hldg Co management provided guidance for Q3 2023, expecting earnings between $0.13 and $0.13 per share.

To track all earnings releases for CommScope Hldg Co visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.