Why CommScope Stock Blasted 21% Higher on Monday

The company looks like it will post an investor-pleasing set of quarterly results in early August. For its second quarter, CommScope is estimating that net sales will come in at $1.39 billion, with income from continuing operations landing at$75 million. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) are projected to be $302 million. The company did not provide any net income figures. In the news release unveiling the preliminary results, CommScope quoted CEO Chuck Treadw ...