Lumen Technologies Earnings miss, Revenue beats In Q2

  • Investing.com
Lumen Technologies Earnings miss, Revenue beats In Q2
Credit: © Reuters.

Investing.com - Lumen Technologies reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.

Lumen Technologies announced earnings per share of $0.35 on revenue of $4.61B. Analysts polled by Investing.com anticipated EPS of $0.4573 on revenue of $4.58B.

Lumen Technologies shares are down 23% from the beginning of the year and are trading at $10.70 , down-from-52-week-high.They are under-performing the S&P 500 which is down 12.82% from the start of the year.

Lumen Technologies shares lost 4.04% 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, July 26, 2022, who reported EPS of $1.21 on revenue of $69.69B, compared to forecasts EPS of $1.27 on revenue of $69.8B.

Alphabet A had missed expectations on Tuesday, July 26, 2022 with second quarter EPS of $1.21 on revenue of $69.69B, compared to forecast for EPS of $1.27 on revenue of $69.8B.

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

Add Chart to Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
Please try another search