Lumen Technologies Earnings beat, Revenue Inline In Q1

  • Investing.com
Lumen Technologies Earnings beat, Revenue Inline In Q1
Credit: © Reuters.

Investing.com - Lumen Technologies reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.

Lumen Technologies announced earnings per share of $0.63 on revenue of $4.68B. Analysts polled by Investing.com anticipated EPS of $0.4606 on revenue of $4.68B.

Lumen Technologies shares are up 15% from the beginning of the year and are trading at $10.90 , down-from-52-week-high.They are outperforming the Nasdaq which is down 17.13% from the start of the year.

Lumen Technologies shares gained 2.35% in after-hours trade the report.

Lumen Technologies follows other major Communication Services sector earnings this month

Lumen Technologies's report follows an earnings missed by Alphabet C on Tuesday, April 26, 2022, who reported EPS of $24.62 on revenue of $68.01B, compared to forecasts EPS of $25.59 on revenue of $68.06B.

Meta Platforms had beat expectations on Wednesday, April 27, 2022 with first quarter EPS of $2.72 on revenue of $27.91B, compared to forecast for EPS of $2.56 on revenue of $28.28B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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