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Commscope Holding Company Inc Issues Q4 2013 Guidance; Issues FY 2013 Guidance; EPS Guidance Below Analysts' Estimates; Comments On Long Term Guidance


Thursday, 7 Nov 2013 07:00am EST 

Commscope Holding Company Inc announced that for fourth quarter of 2013, it expects revenue in the range of $800 million to $840 million, adjusted operating income in the range of $125 million to $145 million, excluding amortization of purchased intangibles, restructuring and other special items and adjusted earnings per diluted share (EPS) in the range of $0.25 to $0.31, based on approximately 182 million weighted average diluted shares outstanding. For fiscal 2013, it expects revenue in the range of $3.43 billion to $3.47 billion, up approximately 4% year over year at the midpoint of the range, adjusted operating income in the range of $604-$624 million, up approximately 23% year over year at the midpoint of the range and adjusted earnings per diluted share (EPS) in the range of $1.55 to $1.61 (based on approximately 164 million weighted average diluted shares outstanding. The Company expects long term targets of mid single digit organic sales growth and low double digit adjusted net income growth. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue EPS of $1.85 for fiscal 2013.