CommScope expects modest growth, 'relatively stable' y-o-y results for FY19
"We delivered preliminary results in line with or above our expectations in the fourth quarter of 2018," said CEO Eddie Edwards. "These results benefited from stronger than expected sales volumes, favorable product and geographic mix, along with our ongoing initiatives to align the company's cost structure with the current market environment. For 2019, we continue to expect modest growth and relatively stable year-over-year results, which reflect anticipated cautious spending patterns by large North American operators. We are pleased that the disciplined execution of our strategic plan enabled a stronger than expected finish to 2018 and established a solid foundation to build on as we work toward the completion of the ARRIS acquisition."