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Company News for Aug 7, 2024

Zacks Equity Research
·1-min read

  • Lumen Technologies, Inc. (LUMN) shares jumped 93.1% after the company announced that It has secured $5 billion in new business, driven by increased demand for connectivity fueled by advancements in artificial intelligence.

  • Caterpillar Inc. (CAT) shares rose 3% after reporting second-quarter 2024 earnings of $5.99 per share, beating the Zacks Consensus Estimate of $5.53 per share.

  • Marathon Petroleum Corporation (MPC) shares surged 5.5% after reporting second-quarter 2024 earnings of $4.12 per share, beating the Zacks Consensus Estimate of $3.04 per share.

  • Shares of Duke Energy Corporation (DUK) rose 1.7% after reporting second-quarter 2024 earnings of $1.18 per share, outpacing the Zacks Consensus Estimate of $1.01 per share.

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Lumen Technologies, Inc. (LUMN) : Free Stock Analysis Report

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