Network services provider Level 3 Communications, Inc. (LVLT) Wednesday reported third-quarter net earnings of $85 million or $0.35 per share, compared with a loss of $21 million or $0.09 per share last year.
On average, 16 analysts polled by Thomson-Reuters estimated the company's earnings to be $0.31 for the quarter. Analysts' estimates typically exclude one-time items.
Quarterly revenues grew to $1.629 billion from $1.569 billion a year ago, while analysts expected it to be $1.63 billion.
Commenting on the outlook, Sunit Patel, CFO of Level 3 said: "On a standalone basis, and excluding the effects from the tw telecom acquisition, we remain confident in our ability to achieve our outlook for the full year 2014."
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