CommScope Holding Company, Inc. (NASDAQ: COMM), a global leader in network connectivity solutions, reported results for the quarter and year ended December 31, 2020.
CommScope generated net income of $23.9 million, or $0.05 per share, in the fourth quarter of 2020, compared to the prior year period’s net loss of $(436.7) million, or $(2.32) per share. NonGAAP adjusted net income for the fourth quarter of 2020 was $143.8 million, or $0.59 per share, versus $106.6 million, or $0.46 per share, in the fourth quarter of 2019.
CommScope generated a net loss of $(573.4) million, or $(3.20) per share, in 2020, compared to the prior year net loss of $(929.5) million, or $(5.02) per share. Non-GAAP adjusted net income for 2020 was $371.0 million, or $1.56 per share, versus $479.4 million, or $2.15 per share, in 2019.
Source: ir.commscope.com
Maya Grinberg is a careers Reporter for Tech News vision make it. Prior to joining Tech News Vision, she worked as a fiction stories and a freelancer for magazine, where she eventually worked her way up to careers editor. During this time, she created daily content for own website and worked with the research team to create content. she developed some own Newswebsite.