Lumen Non-GAAP EPS of -$0.13 misses by $0.05, revenue of $3.22B beats by $10M
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Contributor since / Followers
Contributor since / Followers
2 weeks ago
- Lumen press release (NYSE:LUMN): Q3 Non-GAAP EPS of -$0.13 misses by $0.05.
- Revenue of $3.22B (-11.5% Y/Y) beats by $10M.
- Generated Adjusted EBITDA of $899 million1 for the third quarter 2024, compared to $1.049 billion1 for the third quarter 2023, excluding the effects of Special Items of $56 million and $55 million, respectively
- Reported Net Cash Provided by Operating Activities of $2.0 billion2 for the third quarter 2024
- Generated Free Cash Flow of $1.2 billion2 for the third quarter 2024, excluding cash paid for Special Items of $16 million, compared to Free Cash Flow of $43 million, excluding cash paid for specials items of $5 million, for the third quarter 2023.
- 2024 Financial Outlook
- The Company updated its full-year 2024 financial outlook, which is detailed below:
-
Metric (1)(2)
Current Outlook
Previous Outlook
Adjusted EBITDA
$3.9 to $4.0 billion
$3.9 to $4.0 billion
Free Cash Flow(3)(4)
$1.2 to $1.4 billion
$1.0 to $1.2 billion
Net Cash Interest
$1.15 to $1.25 billion
$1.15 to $1.25 billion
Capital Expenditures
$3.1 to $3.3 billion
$3.1 to $3.3 billion
Cash Income Taxes/(Refund)(4)
($200) to ($300) million
($200) to ($300) million
- Shares +7.36%.