CommScope Holdings Co. Inc. (COMM) stock surged 8.59% in the pre-market trading session on Wednesday, following the company's better-than-expected fourth-quarter 2024 earnings and revenue results.
The telecommunications equipment maker reported adjusted earnings per share of $0.18 for the quarter, significantly surpassing analysts' estimates of $0.03. CommScope's revenue of $1.169 billion also exceeded the consensus forecast of $1.108 billion.
The strong quarterly performance fueled optimism among investors, driving CommScope's shares higher in early trading. Analysts expect the company's solid results to bolster its position in the competitive telecommunications industry, as it continues to innovate and deliver cutting-edge solutions to its customers.
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