On the 5th of November, CommScope released its third quarter financial results, ended September 30, of the fiscal year 2020. Company saw a 3% increase compared to the second quarter in the Net Sales reaching $2.168 billion. While GAAP net loss amount to $116.3 million, non-GAAP adjusted EBITDA of $341.9 million; 22% improvement from second quarter. Alex Pease, executive vice president and chief financial officer, commented, “While we continue to expect that the current macroeconomic uncertainty will persist in the near-term, we are focused on balancing actions to improve our financial performance and flexibility. We will continue to aggressively manage expenses and reduce costs where possible. At the same time, we will make strategic investments, such as adding fiber cabling and connectivity capacity, that position the company to unlock growth opportunities for the business.”