Level three Communications, Inc. (NASDAQ:LVLT) reported its results for the third quarter. Level three Communications, through its operating subsidiaries, is a facilities-based provider of a range of integrated communications services.
Investing Insights: Here?s Why Chipotle?s Stock Keeps Winning.
Level three Communications Earnings Cheat Sheet for the Third Quarter
Results: Reported loss of $207 million ($1.75 per diluted share on adjusted basis from stock split) from $163 million (loss of $1.47 per share on a split-adjusted basis) in the same quarter a year earlier.
Revenue: Rose 1.6% to $927 million from the year earlier quarter.
Actual vs. Wall St. Expectations: The mean estimate for LVLT was a loss of $1.48 per share. It fell short of the average revenue estimate of $1.29 billion.
Key Stats:
Last quarter marked the fifth consecutive quarter of gross margins expanding as the company?s gross margin expanded 1.5 percentage points to 61.2% from the year earlier quarter. Over that span, margins have grown on average 1.7 percentage points per quarter on a year-over-year basis.
Revenue has now gone up for three straight quarters. In the second quarter, revenue rose 2.6% to $932 million while the figure rose 2.1% in the first quarter from the year earlier.
Looking Forward: Analysts seem more positive about the company?s results for the next quarter than a month ago. The average estimate for the fourth quarter has moved from a loss of $1.31 a share to a loss of 97 cents over the last thirty days. For the fiscal year, the average estimate has moved from a loss of $6.08 a share to a loss of $5.15 over the last thirty days.
Competitors to Watch: Global Crossing Ltd. (NASDAQ:GLBC), AT&T Inc. (NYSE:T), Verizon Communications Inc. (NYSE:VZ), tw telecom inc. (NASDAQ:TWTC), XO Holdings Inc. (XOHO), AboveNet, Inc. (NYSE:ABVT), PAETEC Holding Corp. (NASDAQ:PAET), Xfone, Inc. (AMEX:XFN), Tata Communications Ltd. (NYSE:TCL), and Cincinnati Bell Inc. (NYSE:CBB).
Investing Insights: Here?s Why Chipotle?s Stock Keeps Winning.
(Source: Xignite Financials)
?
Get Your FREE Special Report: 4 Things You Must Know About the US Economy Now!
You Can't Afford to Miss These New Articles:
Do You Want More Profits? Wall St. Cheat Sheet Premium newsletter subscribers have been crushing the markets with winning stock picks.
Click here now for your FREE trial to our acclaimed flagship newsletter:
comedy central roast neal schon neal schon eli manning eli manning new york giants cbs
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.