CommScope's (COMM) Q2 Earnings and Revenues Lag Estimates

CommScope Holding Company, Inc. (COMM) reported soft second-quarter 2024 results, wherein both the top and bottom lines missed the respective Zacks Consensus Estimate. Lower capital spending from customers, inventory adjustments, macroeconomic challenges and weak demand in several verticals led to top-line contraction year over year. Net Income On a GAAP basis, net income in the second quarter was $28.2 million or 13 cents per share against a net loss of$115.7 million or a loss of 55 cents per share in the ...