CommScope Q3 Profit Rises - Quick Facts

(RTTNews) - CommScope Holding Company, Inc. (COMM), a global provider of connectivity and essential infrastructure solutions for wireless, business enterprise and residential broadband networks, reported that its third-quarter net income increased to $96.43 million or $0.50 per share from $11.29 million or $0.07 per share, last year. Non-GAAP adjusted net income was $119 million, or $0.62 per share.

On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.57 for the quarter. Analysts' estimates typically exclude special items.

Net sales were $1.00 billion, compared to $888.01 million, a year ago. Analysts expected revenue of $999.42 million for the quarter.

The company expects its fourth-quarter revenue of $810 million - $850 million, and adjusted earnings per share of $0.30 - $0.35. Analysts expect the company to report fourth-quarter profit per share of $0.48 on revenue of $923.37 million.

The company expects full year 2014: revenue of $3.8 billion - $3.85 billion, and adjusted earnings per share of $2.15 - $2.20. Analysts expect the company to report full year earnings per share of $2.27 on revenue of $3.92 billion.