Lumen posts mixed earnings and stock pulls back after Tuesday rally

Lumen Technologies Inc.’s stock pulled back in after-hours trading Tuesday after rising sharply in the regular session, as the telecommunications company posted a mixed set of results for its latest quarter.

The company generated a net loss of $8.736 billion, or $8.88 a share, whereas it logged net income of $344 million, or 34 cents a share, in the year-earlier period. The company also reported adjusted earnings before interest, taxes, depreciation and amortization of $1.229 billion, compared with $1.811 billion a year prior. Analysts were expecting $1.17 billion.

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