Lumen Technologies Q3 Adj EPS $(0.09) Misses $0.06 Estimate, Sales $3.64B Beat $3.61B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lumen Technologies reported Q3 adjusted losses of $(0.09) per share, missing the analyst consensus estimate of $0.06 by 250 percent. This is a 164.29 percent decrease over earnings of $0.14 per share from the same period last year. The company reported quarterly sales of $3.64 billion, beating the analyst consensus estimate of $3.61 billion by 0.86 percent. This is a 17.06 percent decrease over sales of $4.39 billion the same period last year.

October 31, 2023 | 8:35 pm
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NEGATIVE IMPACT
Lumen Technologies reported a significant decrease in Q3 earnings and a slight beat in sales compared to analyst estimates.
The company reported a significant decrease in earnings, missing analyst estimates by a wide margin, which is likely to negatively impact the stock price. However, the slight beat in sales could provide some offsetting positive sentiment.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100