Lumen (LUMN) Q1 Earnings Miss Estimates, Revenues Down Y/Y
Lumen(LUMN) Zacks Investment Research·2024-05-02 00:05
Lumen Technologies, Inc (LUMN) reported an adjusted loss (excluding special items) of 4 cents per share for first-quarter 2024. In the prior-year quarter, the company reported adjusted earnings per share of 10 cents. The bottom line missed the Zacks Consensus Estimate of a loss of 3 cents.Quarterly total revenues were $3.290 billion, down 12% year over year on a reported basis. Revenues for the year-ago quarter include $139 million from the EMEA business divested, which will not recur in periods following t ...