Commscope Shares Jump 8.4 Percent Following Q4 Earnings

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A better-than-expected jump in net sales of $1.045 billion to $1.07 billion for the fourth quarter, made Commscope’s stock price jump as well Tuesday, rising to $20.63. The gains were up from its earlier guidance issued in November of $1.015 to $1.065 billion.

“We delivered preliminary results in line with or above our expectations in the fourth quarter of 2018,” said President/CEO Eddie Edwards. “These results benefited from stronger than expected sales volumes, favorable product and geographic mix, along with our ongoing initiatives to align the company’s cost structure with the current market environment.”

“For 2019, we continue to expect modest growth and relatively stable year-over-year results, which reflect anticipated cautious spending patterns by large North American operators,” said Edwards. “We are pleased that the disciplined execution of our strategic plan enabled a stronger than expected finish to 2018 and established a solid foundation to build on as we work toward the completion of the ARRIS acquisition.”

January 30, 2019

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