2 hours ago

CommScope Holding Posts Downbeat Results, Joins Match Group, Krispy Kreme And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

U.S. stock futures were higher this morning, with the Dow futures gaining around 100 points on Thursday.

Shares of CommScope Holding Company, Inc. (NASDAQ:COMM) fell sharply in today's pre-market trading after the company reported worse-than-expected third-quarter financial results.

CommScope posted a quarterly loss of 5 cents per share, compared to market estimates of 31 cents per share. The company posted sales of $1.082 billion versus expectations of $1.422 billion.

CommScope shares dipped 47.5% to $3.65 in ...

Full story available on Benzinga.com

Read Entire Article

© NewsMage 2024. All rights are reserved