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Goodbuddy4863

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Goodbuddy4863

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Sunday, 03/22/2020 2:17:00 AM

Sunday, March 22, 2020 2:17:00 AM

Post# of 118
Why Is CommScope (COMM) Down 42.4% Since Last Earnings Report:

https://www.yahoo.com/finance/news/why-commscope-comm-down-42-153003740.html

Net Loss

"On a GAAP basis, net loss for the December quarter was $450.5 million or loss of $2.32 per share compared with a net loss of $23.2 million or loss of 12 cents per share in the year-ago quarter. In the reported quarter, the company recorded $376.1 million of goodwill impairment charges related to ARRIS reporting units. In 2019, net loss amounted to $973.2 million or $5.02 per share against net income of $140.2 million or 72 cents per share in 2018."

Looks like the ARRIS purchase allowed for a Tax Write-off..Too Bad for COMM!


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