Overview
- The company reported a loss of $0.20 per share versus an expected $0.27 loss, on revenue of $3.08 billion versus a $3.03 billion consensus.
- Shares rose about 4% to $10.77 in extended trading, according to Benzinga Pro data.
- Lumen executed $2.4 billion in debt refinancing and term loan repricing, citing roughly $135 million in annual interest expense savings year to date.
- October bookings included $1 billion in new Private Connectivity Fabric deals, bringing total PCF deal value above $10 billion as it scales a NaaS platform and launches IoD offnet innovation.
- Operational milestones included completing Phase I of an ERP rollout and advancing a planned consumer FTTH sale to AT&T targeted for early 2026.