Reported 28 days ago
Lumen Technologies, Inc. (LUMN) has experienced a three-day decline, with shares falling 16.63% to $3.71 following a disappointing earnings report for Q2, which revealed a staggering 1,767% increase in net losses to $915 million and a 5% drop in revenue to $3.09 billion. The first half of the year also saw a shift from an $8 million profit to a $1.1 billion loss, prompting the CEO to emphasize ongoing modernization efforts and strategic sales aimed at future growth.
Source: YAHOO