Lumen Technologies Q2 EPS $0.10 Beats $0.09 Estimate, Sales $3.66B Beat $3.60B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lumen Technologies reported Q2 earnings of $0.10 per share, beating the analyst consensus estimate of $0.09 by 11.11%. However, this is a 71.43% decrease from the same period last year. The company also reported quarterly sales of $3.66 billion, beating the estimate of $3.60 billion by 1.78%, but this is a 20.62% decrease from the same period last year.
August 04, 2023 | 10:17 am
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Lumen Technologies reported better than expected Q2 earnings and sales, but both figures are significantly lower than the same period last year.
While Lumen Technologies beat Q2 estimates, the significant year-over-year decreases in earnings and sales could potentially offset any positive impact from beating estimates. This could lead to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100