Lumen Technologies Cuts FY24 Adjusted EBITDA Forecast From $4.1B - $4.3B To $3.9B - $4.0B
Portfolio Pulse from Benzinga Newsdesk
Lumen Technologies has revised its FY24 adjusted EBITDA forecast downward from the previous range of $4.1 billion - $4.3 billion to a new range of $3.9 billion - $4.0 billion.
August 06, 2024 | 8:32 pm
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Lumen Technologies has lowered its FY24 adjusted EBITDA forecast from $4.1 billion - $4.3 billion to $3.9 billion - $4.0 billion, indicating potential financial challenges.
The downward revision of the EBITDA forecast suggests that Lumen Technologies may be facing financial difficulties, which could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100