Lumen Technologies earnings up 34% for Q2

BROOMFIELD — Lumen Technologies reported Thursday $506 million in earnings, or 46 cents per share, for the second quarter of 2021. That’s a 34% increase from the $377 million, or 35 cents per share, it earned in the second quarter of 2020.

Total revenue was $4.92 billion, down 5.1% from the $5.19 billion Lumen earned in the second quarter of last year.

During the quarter, Lumen sold its incumbent local exchange carrier assets, including consumer, small business and wholesale customers and assets, to Apollo Global Management Inc. for $7.5 billion. It also sold its Latin American operations to Stonepeak for $2.7 billion.

Lumen’s…