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Lumen Technologies, Inc. (NYSE:LUMN) stock climbed after the company released its third-quarter earnings report following Thursday's closing bell, beating estimates on the top and bottom lines.
Here's a look at the details in the report.
The Details: Lumen Technologies reported quarterly losses of 20 cents per share, which beat the analyst estimate of losses of 27 cents.
Quarterly revenue came in at $3.08 billion, which beat the analyst consensus estimate of $3.03 billion.
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Lumen Technologies reported the following third-quarter highlights:
“This quarter, we demonstrated what disciplined execution and bold ambition can achieve,” said Kate Johnson, CEO of Lumen Technologies.
“We delivered strong financial results — revenue, EBITDA and free cash flow all ahead of expectations — while advancing our transformation agenda. Our investments in Private Connectivity Fabric, NaaS, and digital innovation are opening new doors, and the momentum is unmistakable,” Johnson added.
LUMN Stock Price: According to data from Benzinga Pro, Lumen Technologies stock was up 4.16% at $10.77 in Thursday's extended trading.
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Posted In: LUMN