DALLAS, July 29, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces a stock report featuring Level 3 Communications Inc. (Nasdaq:LVLT). The report briefly notes the company's most recent developments and news, and outlines its financial position, market performance, and comparison against industry peers.
The full report is available at: www.microstockprofit.com/lp/LVLT
Level 3 Communications Inc. (LVLT) is an international provider of fiber-based communications services. Since 1998, the Company has been focused on delivering premier services over one of the world's most advanced, IP-optimized networks. LVLT owns and maintains more than 54,000 intercity route miles. It offers a comprehensive portfolio of network offerings that spans Internet Protocol (IP) services, broadband transport, colocation services, and patented Softswitch-based managed modem and voice services. It also uses these network services as a foundation for delivering enterprise telecommunications solutions.
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In the report, the analyst notes:
"Shares of LVLT dropped 2.74% to $2.17 on Wednesday after the provider posted a net loss of $181 million, or $(0.11) cents a share, for the second quarter of 2011. That compares to a net loss of $169 million, or $(0.02) a share, in the same quarter last year."
"For the second quarter, consolidated revenue was $932 million, which compares to consolidated revenue of $929 million in the previous quarter and $908 million in the second quarter of last year."
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