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HomeTrading NewsStimulus checks are coming in 2022 for one group that’s still due COVID relief

Stimulus checks are coming in 2022 for one group that’s still due COVID relief

Motley Fool

Why Lumen Technologies Stock Was Up by the Mid-Teens Today

Shares of Lumen Technologies (NYSE: LUMN) were soaring Thursday, up as much as 16.9% before settling into a low-teens gain, following the release of third-quarter earnings after hours on Wednesday. The telecom company came into earnings at a very low valuation, so a few updates to guidance and some positive commentary regarding share buybacks and its dividend sent the stock soaring. In the third quarter, Lumen actually posted a 5.4% revenue decline, missing expectations, but its adjusted earnings per share of $0.49 beat expectations by a lot, as the company was able to manage costs and generate strong free cash flow.

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