HICKORY, N.C. (AP) _ CommScope Holding Co. (COMM) on Thursday reported first-quarter profit of $39.5 million.
The Hickory, North Carolina-based company said it had net income of 20 cents per share. Earnings, adjusted for one-time gains and costs, were 42 cents per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.
The wireless and broadband network technology company posted revenue of $825.4 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $822.6 million.
For the current quarter ending in June, CommScope expects its per-share earnings to range from 45 cents to 50 cents.
The company said it expects revenue in the range of $850 million to $900 million for the fiscal second quarter.
CommScope expects full-year earnings to be $1.95 to $2.05 per share.
CommScope shares have increased 22 percent since the beginning of the year. The stock has increased nearly 10 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COMM at http://www.zacks.com/ap/COMM
Keywords: CommScope, Earnings Report