Thursday, July 26, 2007

Level 3 Reveals Q2 Results, Narrows Loss

Communications firm Level 3 Communications Inc. revealed Thursday its financial results for the second quarter of 2007. According to the company's report, Level 3's consolidated revenue for Q2 2007 was nearly equal to that experienced in Q1 2007, $1.052 billion to $1.056 billion. However, Level 3's net loss for Q2 2007 was only $202 million, or $0.13 per share, compared to a net loss of $647 million, or $0.44 per share, for the previous quarter. Level 3 said its consolidated adjusted EBITDA for Q2 2007 was $193 million, up from the previous quarter’s $170 million. Level 3 Communications is headquartered in Broomfield, Colorado.