Lumen Technologies Q1 2024 Adj EPS $(0.04) Misses $0.00 Estimate, Sales $3.290B Miss $3.367B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lumen Technologies reported Q1 2024 adjusted earnings per share (EPS) of $(0.04), missing the consensus estimate of $0.00, and sales of $3.290 billion, missing the estimate of $3.367 billion. This represents a 140% decrease in EPS and an 11.99% decrease in sales compared to the same period last year.
April 30, 2024 | 8:03 pm
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Lumen Technologies reported a significant miss in both adjusted EPS and sales for Q1 2024, with a 140% decrease in EPS and an 11.99% decrease in sales year-over-year.
The reported earnings miss and sales decline are significant indicators of underperformance, likely leading to negative investor sentiment and potential short-term price pressure on LUMN's stock. The magnitude of the miss and the comparison to last year's performance highlight operational and market challenges that could concern investors.
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