Market News Comments

Level 3 Communications Inc. (LVLT)

Level 3, an internet services company, said it lost $182 million, or 11 cents per share, during the fourth quarter that ended Dec. 31. It earned $43 million a year ago, but that translated into a loss of 4 cents per share because a $78 million gain from an early debt repayment didn't count toward per-share results. Revenue fell 12 percent to $924 million from $1.05 billion a year earlier.
Despite the overall decline, the company said it did see continued improvement in customer buying behavior during the fourth quarter, which contributed to sequential growth in core network services sales

Feb 11 · 9:30:00 AM · Source: Company Press Release
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter

Enter your comment below and click Submit:

Copyright © 2010 MarketBeast.com.
All rights reserved.