🔴 Lumen Technologies is trading 8% down today after third-quarter revenue missed estimates

Lumen Technologies is trading 7.72% down at $4.12 after its November 4 third-quarter revenue missed estimates.

• Revenue was $2.715 billion; total business revenue declined 4.5% year over year. Strategic revenue grew 10%, while legacy revenue fell 17.2%.
• Management reiterated its full-year EBITDA and free-cash-flow outlook, but investor concern about falling revenue and ongoing legacy-business declines remained.
• The earnings release is the clearest catalyst; available reporting does not establish a separate Lumen announcement on November 5.