Short Take: Level 3 posts second quarter loss

Level 3 Communications, a packet-switched fiber network provider, posted a second quarter net loss of $116 million, or 39 cents a share, compared with net earnings of $56 million, or 9 cents a share, for the like period a year ago. Excluding a merger-related charge the company's loss was $1 million, or 1 cent a share. Quarterly revenue rose to $103 million from $81 million last year.

Aug. 13, 1998 6:45 a.m. PT

, a packet-switched fiber network provider, posted a second quarter net loss of $116 million, or 39 cents a share, compared with net earnings of $56 million, or 9 cents a share, for the like period a year ago. Excluding a merger-related charge the company's loss was $1 million, or 1 cent a share. Quarterly revenue rose to $103 million from $81 million last year.