Telecommunications equipment company CommScope Inc. said Friday it expects first-quarter sales between $390 million and $410 million and operating margins of 10.5 percent to 11.5 percent.
Analysts, on average, are looking for sales of $397.6 million, according to a poll by Thomson Financial. The midpoint of the company's quarterly guidance is above consensus.
CommScope also forecast 2007 sales between $1.72 billion and $1.76 billion, compared with Wall Street's $1.73 billion estimate.
"Despite volatile raw material costs, we continue to believe that we can achieve reasonable sales growth while increasing operating income by more than 20 percent, excluding special items," Jearld L. Leonhardt, chief financial officer, said in a statement.
CommScope shares rose $1.60, or 4.3 percent, to $38.70 in morning trading on the NYSE.
AP
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