BUZZ-Lumen Technologies slips as growth concerns overshadow surprise Q4 profit

Reuters
Feb 04
BUZZ-<a href="https://laohu8.com/S/LUMN">Lumen Technologies</a> slips as growth concerns overshadow surprise Q4 profit

** Shares of Lumen Technologies LUMN.N down 16% at $7.10

** Brokerage Raymond James downgrades stock to "market perform" from "outperform"; notes co's appointment of its third head of sales in three years can cause growth to pause before improving

** Co surprises with Q4 adj. EPS of 23 cents, compared with an expected loss of 27 cents - data compiled by LSEG

** LUMN reports Q4 revenue of $3.04 bln, in-line with analysts' estimates

** Three analysts covering stock rate it "buy", nine "hold" and two "sell", median PT at $8 - LSEG

** As of last close, LUMN stock was up 73.7% over the past year

(Reporting by Tharuniyaa Lakshmi in Bengaluru)

((tharuniyaa@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10