Lumen Technologies (LUMN) Tops Q2 EPS by 7c
Lumen Technologies (NYSE: LUMN) reported Q2 EPS of $0.48, $0.07 better than the analyst estimate of $0.41. Revenue for the quarter came in at $4.92 billion versus the consensus estimate of $4.99 billion.
2021 Outlook
The company updated full-year 2021 financial outlook which is detailed below:
2021 Metric (1)(2) | Current Outlook | Previous Outlook(3) |
Adjusted EBITDA (excluding Special Items) | $8.4 to $8.6 billion | $8.4 to $8.6 billion |
Free Cash Flow (excluding Special Items)(4) | $3.1 to $3.3 billion | $2.8 to $3.0 billion |
Net Cash Interest | $1.525 to $1.575 billion | $1.525 to $1.575 billion |
GAAP Interest Expense | $1.550 billion | $1.550 billion |
Dividends (5) | $1.1 billion | $1.1 billion |
Capital Expenditures | $3.2 to $3.5 billion | $3.5 to $3.8 billion |
Depreciation and Amortization | $4.2 to $4.4 billion | $4.2 to $4.4 billion |
Share-based Compensation Expenses | ~$200 million | ~$200 million |
Cash Income Taxes | $100 million | $100 million |
Full Year Effective Income Tax Rate | 27% | 27% |
(1) | For definitions of non-GAAP metrics and reconciliations to GAAP figures, see the attached schedules and our Investor Relations website. | ||
(2) | Outlook measures in this chart and the accompanying schedules (i) exclude the effects of Special Items, future changes in our operating or capital allocation plans, unforeseen changes in regulation, laws or litigation, and other unforeseen events or circumstances impacting our financial performance and (ii) speak only as of August 3, 2021. See "Forward-Looking Statements". | ||
(3) | Refers to full-year 2021 financial outlook provided on Feb. 10, 2021 | ||
(4) | Free Cash Flow outlook does not include any potential discretionary pension fund contribution. | ||
(5) | Dividends is defined as dividends paid as disclosed in the Consolidated Statements of Cash Flows. Assumes payment of dividends at the rate of $1.00 per share per year, based on the number of shares outstanding on June 30, 2021. Payments of all dividends are at the discretion of the Board of Directors. | ||
For earnings history and earnings-related data on Lumen Technologies (LUMN) click here.