Tuesday, October 26, 2004

Level 3 Reports Q3 Revenue

Level 3 Communications reported consolidated revenue was $840 million for Q3. Communications revenue was $423 million versus $391 million for the previous quarter, and information services revenue was $392 million compared to $503 million for the previous quarter. The net loss for the third quarter 2004 increased to $171 million, or $0.25 per share, compared to a net loss for the previous quarter of $63 million, or $0.09 per share. Included in the net loss for the previous quarter was a $147 million gain associated with the elimination of a capital lease obligation due to the termination of a vendor contract.

During the third quarter, we experienced rising demand and new contract awards for our communications services offerings, particularly for VoIP services," said James Q. Crowe, CEO of Level 3. http://www.level3.com


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