Stock Track | Lumen Technologies Plunges 5.09% After-Hours on Wider-Than-Expected Q1 Loss

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Lumen Technologies' stock experienced a significant after-hours plunge of 5.09% on Tuesday, following the release of the company's first-quarter financial results.

The decline appears to be driven by the company's reported adjusted loss per share of $0.47, which significantly missed analyst estimates of a $0.14 loss. While revenue of $2.90 billion exceeded expectations of $2.83 billion, it represented an 8.9% decrease compared to the same period last year. The wider-than-anticipated loss likely disappointed investors, prompting the sell-off in extended trading.

Concurrently, the company announced it would acquire cloud networking platform Alkira for $475 million in cash, a transaction expected to close in the third quarter of 2026. Lumen also raised its full-year 2026 free cash flow guidance to a range of $1.9 billion to $2.1 billion, up from the previous outlook of $1.2 billion to $1.4 billion.

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While revenue of $2.90 billion exceeded expectations of $2.83 billion, it represented an 8.9% decrease compared to the same period last year. The wider-than-anticipated loss likely disappointed investors, prompting the sell-off in extended trading.</p><p>Concurrently, the company announced it would acquire cloud networking platform Alkira for $475 million in cash, a transaction expected to close in the third quarter of 2026. Lumen also raised its full-year 2026 free cash flow guidance to a range of $1.9 billion to $2.1 billion, up from the previous outlook of $1.2 billion to $1.4 billion.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LUMN","symbol_name":"Lumen Technologies","start_time":0,"source_url":"","article_id":"1151701514","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1151701514","pubTimestamp":1778018343,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Lumen Technologies' stock experienced a significant after-hours plunge of 5.09% on Tuesday, following the release of the company's first-quarter financial results.The decline appears to be driven by...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LUMN":"Lumen Technologies"},"translate_title":"个股追踪|Lumen Technologies盘后暴跌5.09%Q1亏损超预期","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LUMN":1},"content_text":"Lumen Technologies' stock experienced a significant after-hours plunge of 5.09% on Tuesday, following the release of the company's first-quarter financial results.The decline appears to be driven by the company's reported adjusted loss per share of $0.47, which significantly missed analyst estimates of a $0.14 loss. While revenue of $2.90 billion exceeded expectations of $2.83 billion, it represented an 8.9% decrease compared to the same period last year. The wider-than-anticipated loss likely disappointed investors, prompting the sell-off in extended trading.Concurrently, the company announced it would acquire cloud networking platform Alkira for $475 million in cash, a transaction expected to close in the third quarter of 2026. Lumen also raised its full-year 2026 free cash flow guidance to a range of $1.9 billion to $2.1 billion, up from the previous outlook of $1.2 billion to $1.4 billion.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"movement","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}