Lumen Technologies Misses Q3 EPS by 24c; Offers Guidance By Investing.com

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Lumen Technologies Misses Q3 EPS by 24c; Offers Guidance

Nov 02, 2022 21:32

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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%

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