**Editor’s Note: Click here for Channel Partners’ extensive coverage of the proposed Level 3-tw telecom acquisition.**
Things are really starting to look up for channel stalwart Level 3 Communications.
After many quarters of losses following the acquisition of Global Crossing three years ago, the service provider on Tuesday followed up a first-quarter profit of $112 million by reporting a second-quarter profit of $51 million. That compares to a loss of $24 million in the second quarter of 2013.
Revenue was up nearly 4 percent, to $1.63 billion.
Growing revenue from core network services in both North and Latin America are the biggest reasons for the continued improvement. Overall, core network services revenue was up almost 7 percent from the same time last year. Enterprise core network services revenue was up 11 percent.
The numbers beat Wall Street’s expectations and come ahead of its $5.7 billion acquisition of rival tw telecom, a deal that could close later this year.
Level 3’s stock price was up more than 4 percent on the news as of 1:47 p.m. ET.
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