Lumen Technologies, Inc. reports results for the quarter ended September 30 - Earnings Summary

• Lumen Technologies, Inc. reported a quarterly adjusted loss of 14 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -20 cents. The mean expectation of nine analysts for the quarter was for a loss of 23 cents per share. Wall Street expected results to range from -29 cents to -14 cents per share.

• Revenue fell 12.1% to $2.72 billion from a year ago; analysts expected $2.73 billion.

• Lumen Technologies, Inc.'s reported EPS for the quarter was a loss of 26 cents​.

• The company reported a quarterly loss of $265 million.

• Lumen Technologies, Inc. shares had fallen by 15.2% this quarter and lost 38.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 20.7% 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 1 "strong buy" or "buy," 9 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the integrated telecommunications services peer group is "buy."

• Wall Street's median 12-month price target for Lumen Technologies, Inc. is $7.36, about 35.5% above its last closing price of $4.75

This summary was machine generated from LSEG data November 4 at 10:05 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)