BUZZ-Lumen slips as legacy business weighs on results

Reuters

2024/11/06

** Shares of telecom firm Lumen Technologies down 4.2% premarket to $7.29 after qtrly report fails to enthuse

** Co late Tues annual free cash flow $(FCF)$ forecast to $1.2-$1.4 bln, up from $1-$1.2 bln, on continued AI deals with big cloud firms, even as weakness in its legacy business dragged on results

** Rev fell 12% y/y to $3.22 bln in Q3, in line with Street, while adj loss of 13 cents/sh exceeded expected loss by 4 cents, per LSEG data ** T

(Lance Tupper is a Reuters market analyst. The views expressed are his own) ((lance.tupper@thomsonreuters.com lance.tupper@tr.com 1-646-279-6380))

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The views expressed are his own) ((lance.tupper@thomsonreuters.com lance.tupper@tr.com 1-646-279-6380))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2481056136","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481056136","pubTimestamp":1730897211,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"** Shares of telecom firm Lumen Technologies    down 4.2% premarket to $7.29 after qtrly report fails to enthuse   ** Co late Tues  annual free cash flow  forecast to $1.2-$1.4 bln, up from  $1-$1.2 bln, on continued AI deals with big cloud firms, even as weakness in its legacy business dragged on results   ** Rev fell 12% y/y to $3.22 bln in Q3, in line with Street, while adj loss of 13 cents/sh exceeded expected loss by 4 cents, per LSEG data ** T ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","LUMN":"Lumen Technologies","BK4089":"非传统电信运营商","BK4554":"元宇宙及AR概念","LU0149725797.USD":"汇丰美国股市经济规模基金","BK4211":"区域性银行","BK4535":"淡马锡持仓","FCF":"第一联邦金融","BK4585":"ETF&股票定投概念"},"translate_title":"由于传统业务影响业绩，BUZZ-Lumen下滑","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LUMN":0.9,"FCF":1},"content_text":"** Shares of telecom firm Lumen Technologies    down 4.2% premarket to $7.29 after qtrly report fails to enthuse   ** Co late Tues  annual free cash flow $(FCF)$ forecast to $1.2-$1.4 bln, up from  $1-$1.2 bln, on continued AI deals with big cloud firms, even as weakness in its legacy business dragged on results   ** Rev fell 12% y/y to $3.22 bln in Q3, in line with Street, while adj loss of 13 cents/sh exceeded expected loss by 4 cents, per LSEG data ** T(Lance Tupper is a Reuters market analyst. 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