Tag Archives: LVLT

Level 3 Q3 2010

Third Quarter Financial Highlights

  • Consolidated revenue increased sequentially to $912 million
  • Core Network Services revenue grew 1 percent sequentially and 1 percent year-over-year; 2 percent year-over-year growth on a constant currency basis
  • Strong Communications Gross Margin and Communications Adjusted EBITDA Margin performance
  • Consolidated Adjusted EBITDA grew to $218 million from $209 million in the prior quarter and $213 million in the year-ago quarter
  • Capital spending increased as company continues to invest to support sales

Level

Level 3 Q1 2010

First Quarter Financial Highlights

  • Continued sequential improvement in sales and churn
  • Consolidated Revenue of $910 million
  • Consolidated Adjusted EBITDA of $200 million

Level 3 Communications, Inc. (NASDAQ: LVLT) reported consolidated revenue of $910 million for the first quarter 2010, compared to consolidated revenue of $924 million for the fourth quarter 2009 and $980 million for the first quarter 2009.

The net loss for the first quarter 2010 was $238 million, or $0.14 per share. Excluding a loss of $54 million, or $0.03 per share on the extinguishment of debt, the net loss was $184 million, or $0.11 per share. The net loss for the fourth quarter 2009 was $182 million, or $0.11 per share, and $132 million or $0.08 per share for the first quarter 2009.

Consolidated Adjusted EBITDA was $200 million in the first quarter 2010, compared to $217 million in the fourth quarter 2009 and $250 million in the first quarter 2009.

“We are encouraged by the positive improvement we’ve seen this year for both sales and churn” said James Crowe, CEO of Level 3. “Ongoing broadband demand is providing sales opportunities across the company.