Lumen Technologies (LUMN) Tops Q4 EPS by 25c

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Go back to Lumen Technologies (LUMN) Tops Q4 EPS by 25c

Lumen Technologies reports fourth quarter 2022 results

February 7, 2023 4:01 PM EST

Fourth Quarter 2022 Highlights

Appointed Kate Johnson as president, chief executive officer, and a member of the company's Board of DirectorsCompleted the $7.5 billion divestiture of its 20-state ILEC business to Apollo on Oct. 3Announced an exclusive arrangement for the proposed sale of its EMEA business to Colt Technology Services for $1.8 billionRepurchased 33 million shares of common stock for a total purchase price of $200 millionReported Net Loss of $(3.069) billion for the fourth quarter 2022, which included a non-cash goodwill impairment charge of $3.271 billion, compared to reported Net Income of $508... More