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Lumen Technologies (LUMN) Misses Q3 EPS by 14c

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October 31, 2023 4:33 PM EDT

Lumen Technologies (NYSE: LUMN) reported Q3 EPS of ($0.09), $0.14 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $3.64 billion versus the consensus estimate of $3.6 billion.

2023 Financial Outlook

The company reiterated its full-year 2023 financial outlook which is detailed below:

Metric (1)(2)

Outlook(3)

Adjusted EBITDA

$4.6 to $4.8 billion

Free Cash Flow(4)(5)

$0 to $200 million

Net Cash Interest

$1.1 to $1.2 billion

GAAP Interest Expense

$1.200 billion

Capital Expenditures

$2.9 to $3.1 billion

Depreciation and Amortization

$2.9 to $3.1 billion

Stock-based Compensation Expense

~$65 million

Cash Income Taxes(5)

~$300 to $400 million

Full Year Effective Income Tax Rate

~26%

For earnings history and earnings-related data on Lumen Technologies (LUMN) click here.


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