Level 3 earnings


Level 3 Loses Money for 5th Straight Quarter

Level 3 Communications Inc.‘s (LVLT) net losses widened during the three months ended March 31, marking the fifth quarter in a row the wholesale service provider’s earnings have stayed in the red. The Broomfield, Colo.-based company said on Thursday it lost $238 million, or 14 cents a share, compared to a loss of $132 million, or […]

Level 3 Fourth-Quarter Losses Soar, Shares Dive

Level 3 Communications Inc. (LVLT) followed up its giant third-quarter 2009 losses with an even bigger one in the fourth quarter, more than Wall Street had predicted. The Broomfield-Colo.-based service provider lost $182 million in the three months ending Dec. 31 – that’s compared to a year-earlier profit of $43 million. The number also outpaced 2009’s […]

Level 3 Reports Another Quarterly Loss A Big One

Level 3 Communications Inc. (LVLT), struggling under the weight of slowing sales and a high debt load, lost $41 million more in the third-quarter of 2009 than in the same period a year ago. The wholesale carrier on Wednesday posted a loss of $170 million, substantially higher than the year-earlier loss of $129 million. Revenue, meanwhile, […]

Level 3 Quarterly Earnings Disappoint. Again.

Level 3 Communications Inc.’s (LVLT) quarterly losses aren’t slowing. The Colorado-based CLEC on Thursday reported a $134 million loss for the second-quarter of 2009. That number compares to $43 million during 2008’s second quarter. Similarly, Level 3’s revenue was down as fewer customers signed on for wholesale Internet networking services, thanks to the economy. Sales […]

Level 3 Beats Expectations With $44M Profit

Level 3 Communications Inc. (LVLT) became one of two competitive service providers this week to report income for the last three months of 2008 (tw telecom was the other). The profitable quarter, reported Feb. 11, exceeded analysts’ expectations and marks a first for Level 3 in a long time. The Broomfield, Colo.-based carrier has been under […]

Level 3 Poised as CDN Powerhouse Despite $181M Loss

Level 3 Communications Inc. seems to have made the right decision by adding content delivery network (CDN) services to its portfolio. Even though the carrier remains unprofitable by a long shot, it’s becoming a new media powerhouse as the CDN group consistently tacks on 10 percent or higher growth to the bottom line. In the […]

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