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Short Take: Level 3 posts wider third quarter loss

Level 3 Communications, a long distance voice and data carrier, reported a third quarter net loss of $147 million, or 43 cents a share, compared to a net loss of $49 million, or 16 cents a share, a year ago. Wall Street expected the company to lose 52 cents, according to First Call. Quarterly revenue increased to $134 million from $106 a year ago.

Level 3 Communications, a long distance voice and data carrier, reported a third quarter net loss of $147 million, or 43 cents a share, compared to a net loss of $49 million, or 16 cents a share, a year ago. Wall Street expected the company to lose 52 cents, according to First Call. Quarterly revenue increased to $134 million from $106 a year ago.