CommScope's (COMM) Q4 Earnings Lag Estimates on Lower Revenues
CommScope Holding Company, Inc. (COMM) reported soft fourth-quarter 2023 results, with the bottom line and top line missing the respective Zacks Consensus Estimate. Lower capital spending from customers, inventory adjustments, macroeconomic challenges and decrease in net sales in major business verticals led to top-line contraction year over year.Net IncomeOn a GAAP basis, the net loss in the December quarter was 2.55 per share compared to a net loss of $1.12 billion or a loss o ...