Lumen Stock Plunges 30% as Q3 Earnings Miss Estimates Amid Debt Restructuring and Revenue Declines

Lumen reported Q3 earnings and revenue that missed analyst estimates.

The company is restructuring debt, pushing out maturities and taking on new financing.

Lumen's revenue declined 17% year-over-year in Q3.

The stock price plunged nearly 30% following the earnings release.

Lumen trades at low valuation multiples but faces risks due to high debt load and uncertain turnaround outlook.