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Lumen Technologies, Inc. (NYSE:LUMN ) Q4 2024 Earnings Conference Call February 4, 2025 5:00 PM ET Company Participants Jim Breen - Senior Vice President, Investor Relations Kate Johnson - Chief Executive Officer Chris Stansbury - Chief Financial Officer Conference Call Participants Michael Rollins - Citi Sebastiano Petti - JPMorgan Batya Levi - UBS David Barden - Bank of America Jim Schneider - Goldman Sachs Jonathan Chaplin - New Street Research Nick Del Deo - MoffettNathanson Greg Williams - TD Cowen Frank Louthan - Raymond James Sam McHugh - BNP Paribas Operator Greetings everyone, and welcome to Lumen Technologies' Fourth Quarter and Full Year 2024 Earnings Call. During the presentation, all participants will be in a listen-only mode.

Although the revenue and EPS for Lumen (LUMN) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Lumen (LUMN) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of a loss of $0.08 per share. This compares to earnings of $0.08 per share a year ago.

Fibre-optic cable provider Lumen Technologies reported fourth-quarter revenue above Wall Street estimates on Tuesday, driven by rising demand for data centers amid the AI boom.

DENVER , Feb. 4, 2025 /PRNewswire/ -- Lumen Technologies, Inc. (NYSE: LUMN) reported results for the fourth quarter ended December 31, 2024. Drove solid sales growth across enterprise in the fourth quarter and FY2024, bolstered by improved customer satisfaction scores in all four segments.

Beyond analysts' top -and-bottom-line estimates for Lumen (LUMN), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.

LUMN's fourth-quarter performance is likely to have been affected by secular headwinds in legacy business. Increasing uptake of PCF solutions bodes well.

Lumen Technologies' new management's AI-focused strategy and turnaround plan show promise, with a potential 70% upside, making LUMN a BUY. The company has faced significant financial losses due to previous management's strategic errors but is now improving free cash flow and reducing debt. Lumen's partnerships in AI and cybersecurity, along with fiber expansion, position it well for future growth despite industry competition.

Shares of Lumen Technologies (LUMN 2.69%) are up Friday. The stock gained 3.8% as of 1:50 p.m.

Lumen Technologies (LUMN 6.30%) stock is seeing strong bullish momentum in Wednesday's trading. The telecommunications company's share price was up 6.3% as of 3:20 p.m.