Lumen Technologies Inc reports results for the quarter ended December 31 - Earnings Summary

• Lumen Technologies Inc LUMN.N reported quarterly adjusted earnings of 9 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 8 cents. The mean expectation of ten analysts for the quarter was for a loss of 5 cents per share. Wall Street expected results to range from -8 cents to -3 cents per share.

• Revenue fell 5.3% to $3.33 billion from a year ago; analysts expected $3.20 billion.

• Lumen Technologies Inc's reported EPS for the quarter was 9 cents​.

• The company reported quarterly net income of $85 million.

• Lumen Technologies Inc shares had fallen by 8.3% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 35.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 9 "hold" and 3 "sell" or "strong sell."

• The average consensus recommendation for the integrated telecommunications services peer group is also "hold"

Wall Street's median 12-month price target for Lumen Technologies Inc is $5.00

This summary was machine generated from LSEG data February 4 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)