Lumen Technologies Inc Ordinary Shares
LUMN: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|y$ | LOCK|C< | LOCK|XwQ |
Lumen Earnings: Taking the Right Steps Toward Improving Its Balance Sheet but Uncertainty Remains
Revenue and adjusted EBITDA declines persisted at Lumen during the second quarter, down 5% and 17%, respectively. Management took steps to improve its balance sheet by refinancing $2 billion of debt, saving $50 million in annual interest expense.
