BUZZ-Lumen surges after Q4 revenue beat on data center demand

Reuters

02-05

BUZZ-Lumen surges after Q4 revenue beat on data center demand

** Shares of telecommunications company Lumen Technologies LUMN.N rise 10.7% to $5.58 premarket

** Co reports Q4 revenue of $3.33 bln vs average analysts' estimate of $3.20 bln - LSEG data

** Co posts adj EPS of 9 cents vs estimates of 5-cent loss

** LUMN sees FY25 free cash flow in range of $700 mln to $900 mln vs estimates of $126.6 mln

** Currently, 14 analysts, on average, rate LUMN shares "hold"; median PT is $5 - LSEG

** LUMN gained 190.2% in 2024

(Reporting by Sanchayaita Roy in Bengaluru)

((sanchayaita.roy@thomsonreuters.com))

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