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Why Lumen Stock Is Sinking Today

TheMotleyFool

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Lumen (NYSE: LUMN) stock is slipping in Friday's trading despite a better-than-expected quarterly report. The company's share price was down 4.9% as 3 p.m. ET. The stock had been down as much as 21.3% near the market open.

Lumen issued its third-quarter report after the market closed yesterday and posted stronger-than-expected sales and earnings. The company also reiterated its full-year guidance, but the stock is still seeing a pullback today.

Image source: Getty Images.

Source Fool.com

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