CommScope Raises Q1 Guidance on Wireless Strength
HICKORY, N.C. -- CommScope Holding Company, Inc. (COMM), a global provider of connectivity and essential infrastructure solutions for wireless, business enterprise and residential broadband networks, today raised its sales and earnings guidance for the first quarter of 2014.
We are very pleased to see strength in our wireless business, said Mark Olson, CommScope executive vice president and chief financial officer. North American wireless operators continue to invest in our macro cell site and small cell distributed antenna system (DAS) solutions to improve network coverage and capacity. We are also seeing ongoing modernization of 3G wireless networks around the globe.
CommScope management provided the following first quarter and full year 2014 guidance, which excludes the amortization of purchased intangibles, restructuring and other special items:
First Quarter 2014 Guidance:
Calendar Year 2014 Guidance:
The company expects the improved first quarter outlook to positively influence calendar year 2014 results and provided the following updated calendar year guidance: