Reported about 12 hours ago
Lumen Technologies exceeded third-quarter revenue expectations with $3.09 billion, aided by a surge in demand for network infrastructure amid an AI boom. The company posted a smaller loss than anticipated, with an adjusted loss of 20 cents per share, and secured $1 billion in new deals for its AI-focused private connectivity fabric (PCF) solutions. Lumen aims to reduce debt and has partnered with Palantir to facilitate quicker AI deployment for businesses.
Source: YAHOO