The significant beat on the EPS estimate is likely to have a positive short-term impact on LUMN's stock price, as it demonstrates the company's ability to outperform expectations significantly. However, the decrease in revenue year-over-year could temper some of the positive sentiment. The previous quarter's performance, where a miss on EPS estimates led to a substantial drop in share price, indicates that earnings reports are a critical driver for LUMN's stock price movement. Given this context, the positive earnings surprise could lead to a short-term uplift in the stock price, although investors may remain cautious due to the revenue decline.