⚠️Lumen Technologies ( $LUMN (-8,01%) ) Raises FY24 FCF Guidance Despite Q3 Miss
GUIDANCE UPDATES
- Free Cash Flow forecast raised to $1.2B-$1.4B (previous: $1.0B-$1.2B)
* Exceeds consensus estimate of $894.9M
- Maintained other key guidance metrics:
* Capital expenditure: $3.10B-$3.30B
* Adjusted EBITDA: $3.90B-$4.00B
Q3 2023 PERFORMANCE
Financial Metrics:
- Revenue: $3.22B (met estimates)
- Adjusted Loss: $0.13 per share (missed est. -$0.085)
- Adjusted EBITDA: $899M (missed est. $966.6M)
- Cash Position: $2.64B (exceeded est. $1.71B)
- Capital Expenditure: $850M (under est. $887.1M)