Lumen's (LUMN) Q2 Loss Wider Than Expected, Revenues Down Y/Y
LUMNLumen(LUMN) ZACKS·2024-08-07 20:57

Lumen Technologies, Inc (LUMN) reported an adjusted loss (excluding special items) of 13 cents per share for the second quarter of 2024. In the prior-year quarter, the company reported adjusted earnings per share of 10 cents. The bottom line was wider than the Zacks Consensus Estimate of a loss of 9 cents per share. Quarterly total revenues were $3.268 billion, down 10.7% year over year on a reported basis. The decline was due to the negative impact of divestitures, commercial agreements and the sale of the ...