Lumen Technologies (LUMN) Misses Q3 EPS by 14c

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Go back to Lumen Technologies (LUMN) Misses Q3 EPS by 14c

Lumen Technologies reports third quarter 2023 results

October 31, 2023 4:30 PM EDT

Third Quarter 2023 Highlights

Increased Enterprise Channel revenue of $2.124 billion for the third quarter 2023, compared to $2.100 billion for the second quarter 2023. These results showed a significant improvement in year over year rate of decline from the third quarter 2022 when considering the impacts of our divested businessesExpect the proposed sale of its EMEA business to close Nov. 1, subject to meeting customary closing conditionsAccelerated its Quantum Fiber-enabled location pacing, enabling approximately 141 thousand fiber locations during the third quarter... More