Lumen reports Q1 EPS (13c), consensus (27c)

Reports Q1 revenue $3.18B, consensus $3.12B. “The team’s focus on operational excellence delivered better than expected financial results this quarter,” said Kate Johnson, president and CEO of Lumen (LUMN). “We continue to expand our network capacity and utilization and create a growth engine with our Lumen Digital platform. As we transform, we will drive more innovation on top of our world-renowned fiber network, delivering greater value for our enterprise customers, shareholders, and employees.”