Lumen Technologies (LUMN) reported Q3 EPS of $0.14, $0.24 worse than the analyst estimate of $0.38. Revenue for the quarter came in at $4.39 billion versus the consensus estimate of $4.41 billion.
GUIDANCE:
The company updated its full-year 2022 financial outlook which is detailed below:
Adjusted EBITDA: $6.9 to $7.1 billion
Free Cash Flow: $2.2 to $2.4 billion
Net Cash Interest: $1.3 to $1.4 billion
GAAP Interest Expense: $1.350 billion
Capital Expenditures: $3.0 to $3.2 billion
Depreciation and Amortization: $3.2 to $3.4 billion
Stock-based Compensation Expense: ~$100 million
Cash Income Taxes: ~$100 million
Full Year Effective Income Tax Rate: ~26%