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Strategies & Market Trends : Value Investing

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To: scbeachbum who wrote (72299)2/7/2023 9:09:11 PM
From: Iron Mick  Read Replies (2) of 78670
 
RE: LUMN earnings

Well they did complete some share buyback by repurchasing 33M shares of common stock for $200M.

Diluted loss per share of ($3.08) for the fourth quarter 2022 vs. $0.50 for fourth quarter of 2021

Net loss of $(3.069) billion for the quarter

Free cash flow (excluding special items) was only $126M for the quarter vs $620M in third quarter and $776M for fourth quarter 2021

Paid down some long-term debt

Stock made a new low today

Will keep an eye on what new management does

-Sean
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