Yahoo Finance Lumen Technologies First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Lumen Technologies (NYSE:LUMN) First Quarter 2024 Results
Key Financial Results
Revenue: US$3.29b (down 12% from 1Q 2023).
Net income: US$57.0m (down 89% from 1Q 2023).
Profit margin: 1.7% (down from 14% in 1Q 2023).
EPS: US$0.058 (down from US$0.52 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Lumen Technologies EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates.
Looking ahead, revenue is expected to decline by 2.6% p.a. on average during the next 3 years, while revenues in the Telecom industry in the US are expected to grow by 1.9%.
Performance of the American Telecom industry.
The company's shares are down 6.2% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Lumen Technologies' balance sheet and an in-depth analysis of the company's financial position.
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