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Short Take: Next Level says loss wider than expected

Next Level Communications, a maker of digital subscriber line and optical equipment for broadband networks, announced it expects fourth-quarter revenue of $31 million compared with revenue of $48.3 million that it posted for the previous quarter. Next Level also expects a net loss of 22 cents a share, excluding charges. Analysts surveyed by First Call predicted the company would lose 12 cents a share. Next Level pinned the earnings glitch on reduced business from Qwest Communications and slower-than-expected customer development in Korea.

    Next Level Communications, a maker of digital subscriber line and optical equipment for broadband networks, announced it expects fourth-quarter revenue of $31 million compared with revenue of $48.3 million that it posted for the previous quarter. Next Level also expects a net loss of 22 cents a share, excluding charges. Analysts surveyed by First Call predicted the company would lose 12 cents a share. Next Level pinned the earnings glitch on reduced business from Qwest Communications and slower-than-expected customer development in Korea.