Lumen Technologies (NYSE: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.
