Yahoo Finance Lumen Technologies Third Quarter 2022 Earnings: EPS Beats Expectations
Lumen Technologies (NYSE:LUMN) Third Quarter 2022 Results
Key Financial Results
Revenue: US$4.39b (down 10% from 3Q 2021).
Net income: US$578.0m (up 6.3% from 3Q 2021).
Profit margin: 13% (up from 11% in 3Q 2021).
EPS: US$0.57 (up from US$0.51 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Lumen Technologies EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 63%.
Looking ahead, revenue is expected to decline by 5.9% p.a. on average during the next 3 years, while revenues in the Telecom industry in the US are expected to grow by 1.7%.
Performance of the American Telecom industry.
The company's shares are down 18% from a week ago.
Risk Analysis
Be aware that Lumen Technologies is showing 3 warning signs in our investment analysis and 2 of those are concerning...
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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