For the quarter ended June 2024, Lumen (LUMN) reported revenue of $3.27 billion, down 10.7% over the same period last year. EPS came in at -$0.13, compared to $0.10 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $3.26 billion, representing a surprise of +0.39%. The company delivered an EPS surprise of -44.44%, with the consensus EPS estimate being -$0.09. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ex ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-7784 LUMEN TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) | --- | --- | |------------------------- ...

| --- | --- | --- | |------------------|-------|-----------------| | | | | | | | | | | | | | | | | | 2024 Results | | Second Quarter | | August 6th, 2024 | | | LUMEN® Forward-Looking Statements Except for historical and factual information, the matters set forth in this presentation and other of our oral or written statements identified by words such as "estimates," "expects," "anticipates," "believes," "plans," "intends," "will," and similar expressions are forward-looking statements as defined by the fede ...

NEWS RELEASE LUMEN® Lumen Technologies reports second quarter 2024 results DENVER, August 6, 2024 — Lumen Technologies, Inc. (NYSE: LUMN) reported results for the second quarter ended June 30, 2024. Driving Commercial Excellence, Stabilizing the Base, and Innovating for Growth • Continued success in North American Large and Mid-Market Enterprise sales. Large and Mid-Market new logo sales increased and net total contract value for all channels was up year over year. • Delivered improved customer satisfaction ...

Lumen is one of the market's hottest stocks today thanks to some big AI news. The stock of Lumen Technologies (LUMN 91.51%) is posting explosive gains in Tuesday's trading. The company's share price was up 87.3% as of 3:15 p.m. ET today, according to data from S&P Global Market Intelligence. In a press release yesterday, Lumen showed that it's benefiting from demand for fiber networks to support artificial intelligence (AI) services. Following the news, the stock received a ratings upgrade and price-target ...

Today, a little-known company is making waves on Wall Street. Lumen Technologies (NYSE:LUMN) is a penny stock but it likely won't be for long. The telecommunications company is surging today on news that it has secured $5 billion in new business deals, primarily due to demand for its artificial intelligence (AI) applications. One deal is with tech sector leader Microsoft (NASDAQ:MSFT), who has confirmed plans to "use Lumen's network equipment to expand its capacity for AI workloads." This shows that AI dema ...

Key Takeaways Lumen Technologies said it secured $5 billion in new business because of booming demand for AI connectivity. The telecom firm said it's also in active discussions with customers for an additional $7 billion in AI sales opportunities. Lumen is expanding its network to deal with the soaring demand. Shares of Lumen Technologies (LUMN) skyrocketed Tuesday, a day after the telecom provider announced it had secured $5 billion in new business because of soaring demand for artificial intelligence (AI) ...

Lumen Technologies, Inc. (LUMN) announced it has secured $5 billion in new business due to significant AIfueled connectivity demand. Additionally, Lumen is actively negotiating with customers to secure another $7 billion in sales opportunities to meet growing customer needs. Following the announcement, shares of LUMN surged 46.7% in the pre-trading session on Aug 6. As AI needs surge, large companies across various industries are urgently seeking fiber capacity, which is becoming both highly valuable and po ...

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Lumen Technologies, Inc. (LUMN) has announced its largest cable purchase deal with Corning Incorporated, aiming to more than double its intercity network miles to advance AI capabilities for cloud data centers, enterprises and public agencies. This agreement secures 10% of Corning's global fiber capacity for Lumen over the next two years. Lumen, one of North America's largest ultra-low-loss intercity fiber networks, covers diverse routes to more than 50 major cities nationwide. The swift proliferation of ge ...