Lumen Technologies Full Year 2024 Earnings: Beats Expectations

Lumen Technologies (NYSE:LUMN) Full Year 2024 Results

Key Financial Results

• Revenue: US$13.1b (down 10.0% from FY 2023).
• Net loss: US$55.0m (loss narrowed by 100% from FY 2023).
• US$0.056 loss per share (improved from US$10.48 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Lumen Technologies Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 70%.

The primary driver behind last 12 months revenue was the Large Enterprise segment contributing a total revenue of US$3.38b (26% of total revenue). Notably, cost of sales worth US$6.70b amounted to 51% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$2.97b (46% of total expenses). Explore how LUMN's revenue and expenses shape its earnings.

Looking ahead, revenue is expected to decline by 2.4% p.a. on average during the next 3 years, while revenues in the Telecom industry in the US are expected to grow by 2.6%.

Performance of the American Telecom industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Lumen Technologies you should know about.

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