Thread regarding Lumen Technologies layoffs

I get that most people cannot understand financial reports. The estimates are guesses from people without a clue. (These people do not work for Lumen and have no access to internal information). In reality total revenue decreased in Q3, as it has decreased each quarter for the past quarter century. The stock market may react because they beat the spread but, they still lost. Net income was negative. The layoff announcement together with the reduction in CAPEX spending is just confirmation that business is going away. The talk from Kate about revenue growth is pure fiction.

https://seekingalpha.com/news/4027401-lumen-non-gaap-eps-of-0_09-misses-0_15-revenue-of-3_64b-beats-30m#comments

https://seekingalpha.com/news/4027426-lumen-technologies-secures-12b-financing-commitment

Investing.com - Lumen Technologies (NYSE: LUMN) reported third quarter EPS of $-0.09, $0.14 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $3.64B versus the consensus estimate of $3.6B.

Lumen Technologies's stock price closed at $1.44. It is down -13.25% in the last 3 months and down -80.62% in the last 12 months

Lumen Technologies saw 3 positive EPS revisions and 4 negative EPS revisions in the last 90 days.