Lumen Q3 Loss Narrower-Than-Expected , Revenues Decline Y/Y [Yahoo! Finance]
Lumen Technologies, Inc. (LUMN)
Company Research
Source: Yahoo! Finance
narrower than the Zacks Consensus Estimate of a loss of 20 cents. The company reported a loss per share of 9 cents in the prior-year quarter. Quarterly total revenues were $3.221 billion, down 11.5% year over year. The decline was due to the negative impact of divestitures, commercial agreements and the sale of the CDN business. However, the metric beat the Zacks Consensus Estimate by 0.6%. Driven by significant AI-fueled connectivity demand, Lumen secured an additional $3 billion in incremental Private Connectivity Fabric (“PCF”) deals, bringing the total to $8 billion in new PCF sales since June 2024. Lumen has been inking deals with tech giants for its PCF solutions. The company announced a collaboration with Alphabet 's GOOGL Google Cloud to power proactive data insights and AIOps across its network. Lumen has utilized Google Cloud's databases, infrastructure and BigQuery data and analytics platform to create a Lumen Digital Twin for gaining insights across the Lumen network
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LUMN
News
- Reply at Microsoft Ignite 2024: Dive into AI Innovation, Copilot Experiences, and the Future of Work [Yahoo! Finance]Yahoo! Finance
- Lumen Announces (1) Expiration and Results of Certain Previously-Announced Cash Tender Offers of Lumen and Level 3 and (2) Amendments to the Remaining Previously-Announced Cash Tender Offers to Increase the Tender Consideration and Extend the Expiration TAcquire Media Monitor
- Lumen Announces (1) Expiration and Results of Certain Previously-Announced Cash Tender Offers of Lumen and Level 3 and (2) Amendments to the Remaining Previously-Announced Cash Tender Offers to Increase the Tender Consideration and Extend the Expiration TPR Newswire
- Lumen Technologies: Why I'm Holding My 10% Yielding Notes [Seeking Alpha]Seeking Alpha
- My T-Mobile Home Internet Experience: The Good, the Bad and the Unexpected [CNET News]CNET News
LUMN
Earnings
- 11/5/24 - Beat
LUMN
Sec Filings
- 11/20/24 - Form 3
- 11/13/24 - Form 4
- 11/12/24 - Form 4
- LUMN's page on the SEC website