Lumen Technologies Q4 2023 Adj EPS $0.08 Beats $(0.01) Estimate, Sales $3.52B Beat $3.45B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lumen Technologies (NYSE:LUMN) reported Q4 2023 earnings of $0.08 per share, surpassing the $(0.01) estimate, with sales of $3.52B also beating the $3.45B estimate. This represents a 7.45% decrease in sales compared to the same period last year.
February 06, 2024 | 9:09 pm
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POSITIVE IMPACT
Lumen Technologies reported higher than expected Q4 2023 earnings and sales, with an EPS of $0.08 and sales of $3.52B, beating estimates.
The positive earnings and sales beat by Lumen Technologies indicate a strong financial performance for the quarter, likely leading to increased investor confidence and a potential short-term uplift in the stock price. Despite a year-over-year decrease in sales, the significant beat on both earnings and sales estimates is a positive signal to the market.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100