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General

Commscope post Q2 loss on Arris acquisition costs, announces departure of COO

Thursday 8 August 2019 | 16:21 CET | News
Commscope reported a surge in second quarter sales thanks to the acquisition of Arris but swung to a net loss of USD 334 million in the period from a profit of USD 65.9 million as operating costs virtually tripled following the deal. The company forecast a sequential drop in third-quarter revenue, hit by lower cable operator spending but said operating profit should return to breakeven over the period.

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Categories: General
Companies: CommScope
Countries: World
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