Lumen Technologies (LUMN) Stock: Why It Fell 2.78%

By Amit Chowdhry ● Aug 5, 2022
  • The stock price of Lumen Technologies (LUMN) fell by 2.78% in the previous trading session. This is why.

The stock price of Lumen Technologies (LUMN) fell by 2.78% in the previous trading session. Investors responded to the company’s second-quarter results. 

For the second quarter, the company reported a Q2 EPS of $0.35, which was $0.11 lower than analyst estimates of $0.46. And the revenue for the quarter was $4.61 billion compared to the consensus estimate of $4.58 billion. 

Plus the company reiterated its full-year 2022 financial outlook.