Impact of fourth-quarter results of 2021 on Lumen Technologies, Inc. (LUMN) stock price?
Lumen Technologies, Inc. (LUMN) stock price has declined by 4.34% in the current market. At the time of writing, LUMN stock was trading around $10.36. Recently, Lumen Technologies, Inc. (LUMN) declared its fourth-quarter results. The company reported a free cash flow of $776 million for Q4 2021. The EBIDTA and net income came around $2.088 billion and $508 billion, respectively. Resultantly, LUMN’s diluted EPS was $0.50. In addition, the company’s net debt was reduced by $1.5 million during the quarter. In contrast to 2020, LUMN has done well during 2021. The company’s total revenue dropped from $20.72 million to $19.68