2024-02-08 08:00:00 ET
Summary
- Lumen Technologies stock gained 7.41% after posting Q4 results, despite a decline in revenue.
- The company extended debt maturities, injecting $1.325 billion in net new financing and showing bondholders' confidence in Lumen's business.
- Lumen aims to grow its public sector segment, increase market share, and expand its fiber network by over 500,000 locations.
When Lumen Technologies (LUMN) posted its fourth quarter results, the stock gained 7.41% on the day. Markets reacted positively to the company's non-GAAP earnings amid its revenue decline....
Read the full article on Seeking Alpha
For further details see:
Lumen Technologies: A Hold After Strong Q4 2023 Earnings