Lumen Technologies stock drops 14% after Q3 earnings, sales miss

Shares of Lumen Technologies Inc. fell more than 13% in the extended session Wednesday after the telecommunications company reported a quarterly miss. Lumen earned $578 million, or 57 cents a share, compared with $544 million, or 51 cents a share, in the third quarter of 2021. Excluding one-time items, Lumen earned 14 cents a share in the quarter. Revenue fell to $4.39 billion from $4.89 billion a year ago. Analysts polled by FactSet expected Lumen to report adjusted EPS of 36 cents a share on s
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