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Why Lumen Stock Is Sinking Today

The Motley Fool Logo The Motley Fool By Keith Noonan
Why Lumen Stock Is Sinking Today

Lumen Technologies reported Q3 results above expectations, with revenue of $3.09 billion and a non-GAAP loss of $0.20 per share. Despite strong performance and AI-related progress, the stock experienced a significant pullback, dropping 4.9% in trading.

Insights
LUMN   neutral

While the company beat earnings expectations and showed progress in AI-related services, the stock price dropped due to lack of raised guidance, resulting in a neutral overall sentiment