CommScope's Q3 Earnings Lag Estimates on Lower Revenues

CommScope Holding Company, Inc. (COMM) reported soft third-quarter 2024 results, wherein both the adjusted earnings and revenues fell short of the respective Zacks Consensus Estimate.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The company reported a top-line expansion year over year, backed by improved sales in the Connectivity and Cable Solutions (CCS) segment. However, lower capital spending from customers, inventory adjustments, macroeconomic challenges and weak demand in se ...