CommScope Holding Co. reported an increase in fourth-quarter sales and earnings that beat analyst’s estimates.

The Hickory-based company that handles infrastructure solutions for communication networks reported a net income of $54 million, or 28 cents per diluted share and sales of $1.18 billion for the fourth quarter. The company reported a net loss of $75 million, or a loss of 39 cents per share, in the fourth quarter last year.

Adjusted for one-time gains and losses, the earnings were 61 cents per share. Wall Street was expecting earnings of 57 cents per share.

“We are very pleased to deliver another quarter of sales growth and outstanding financial results,” Chief Executive Officer Eddie Edwards. “We see growth opportunities ahead and are confident in our long-term market position.”

A strong performance in markets such, as the North American wireless and fiber-to-the-X are the reason for this quarter’s increase. These markets lead to an increase in sales of 1 percent and 6 percent in the connectivity solution segment and mobility solutions segment.

The company reported an increase in revenue to $5.15 billion from $5 billion the previous year. Sales in the 2016 fiscal year increased 29 percent to $4.92 billion, which is attributed to the 2015 acquisition of TE Connectivity’s telecom, enterprise, and wireless business.

CommScope’s stock price fell $2.59, or 6.43 percent, to $37.72 because it projected first-quarter earnings of 49 cents to 54 cents per share, below Wall Street estimates of 60 cents.

The company also projected first-quarter revenue of $1.1 billion to $1.15 billion, below estimates of $1.17 billion.

The SEC filing can be found here.