Lumen Technologies stock sinks after full-year revenue outlook was below expectations, while FCF view affirmed

Shares of Lumen Technologies Inc.

slumped 5.0% in afternoon trading Monday, after the telecommunications network provider provided a full-year revenue outlook that was below expectations. As part of its Investor Day presentation, the company said it expects 2023 revenue of approximately $14.2 billion, which would be down about 19% from a year ago and below the current FactSet consensus of $14.65 billion.

slumped 5.0% in afternoon trading Monday, after the telecommunications network provider provided a full-year revenue outlook that was below expectations. As part of its Investor Day presentation, the company said it expects 2023 revenue of approximately $14.2 billion, which would be down about 19% from a year ago and below the current FactSet consensus of $14.65 billion.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lumen Technologies stock halted for news, as Investor Day is heldShares of Lumen Technologies Inc. were halted for news pending in afternoon trading Monday, as the communications provider holds its Investor Day. The stock...
Source: MarketWatch - 🏆 3. / 97 Read more »

Palantir’s stock surges toward 17-month high after being awarded U.S. Special Ops contract valued at up to $463 millionShares of Palantir Technologies Inc. powered up 7.5% toward a 17-month high in morning trading Monday, after the software company said it was awarded a...
Source: MarketWatch - 🏆 3. / 97 Read more »

Safran confirms talks to buy some of Raytheon’s flight control activitiesShares of Raytheon Technologies Corp. gained 0.4% in midday trading Monday, after France-based aerospace and defense contractor Safran SA confirmed it was in...
Source: MarketWatch - 🏆 3. / 97 Read more »