February 22, 2010 / 11:30 PM / 9 years ago

UPDATE 1-CommScope Q4 profit in line, sees weak Q1 revenue

* Q4 adj shr $0.53 vs est $0.53

* Q4 rev $748.5 mln vs est $764.4 mln

* Shares down 4 percent in after-hours trade

Feb 22 (Reuters) - Communications cable maker CommScope Inc (CTV.N) posted an in-line quarterly profit, but forecast first-quarter revenue below market expectations.

For the fourth quarter, the company earned $37.1 million, or 37 cents a share, compared with a loss of $342.4 million, or $4.86 a share, in the year-ago period.

Excluding special items, it earned 53 cents a share, meeting market estimates, according to Thomson Reuters I/B/E/S.

Revenue fell 13 percent to $748.5 million, trailing analysts’ expectations of $764.4 million.

Sales in its Antenna, Cable and Cabinet Group fell over 19 percent, while sales at its Enterprise and Broadband segments fell 10 percent and 22 percent, respectively.

CommScope forecast first-quarter revenue of $700 million to $730 million, below the consensus estimate of $752.3 million.

“Although we expect a slow start to the year, we expect growth in both sales and adjusted operating income in 2010, excluding any special items,” Chief Financial Officer Jearld Leonhardt said.

Sales in the second half of 2010 are expected to be stronger than the first half, he added.

CommScope shares were down about 5 percent at $26.22 in trading after the bell. They closed at $27.58 Monday on the New York Stock Exchange. (Reporting by Deepti Govind in Bangalore; Editing by Ratul Ray Chaudhuri)

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