3 Stocks Making Sharp Moves Lower on Earnings

With earnings season in full swing, we are seeing major moves in stocks on a daily basis. CommScope Holding Company Inc. (NYSE: COMM) is plummeting over 29% following a report in which it beat Q1 estimates, but then lowered its full-year outlook. The company reported revenue of $1.12 billion and adjusted EPS of $0.49, which beat the consensus estimates of $1.11 billion in revenue and $0.46 in EPS, but it then lowered its full-year adjusted EPS guidance from $2.56-$2.71 to $2.33-$2.48, which fell well short of the consensus estimate of $2.62.