Lumen Technologies: Q1 Earnings Insights

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Lumen Technologies LUMN reported its Q1 earnings results on Wednesday, May 4, 2022 at 04:15 PM.

Here's what investors need to know about the announcement.

Earnings

Lumen Technologies beat estimated earnings by 40.0%, reporting an EPS of $0.63 versus an estimate of $0.45.

Revenue was down $353.00 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.02 which was followed by a 15.52% drop in the share price the next day.

Here's a look at Lumen Technologies's past performance:

Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021
EPS Estimate 0.53 0.38 0.41 0.40
EPS Actual 0.51 0.49 0.48 0.44
Revenue Estimate 4.86B 4.90B 4.99B 5.06B
Revenue Actual 4.85B 4.89B 4.92B 5.03B

To track all earnings releases for Lumen Technologies visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: EarningsBZI-Recaps
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