DALLAS, Feb. 17, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Level 3 Communications Inc. (Nasdaq:LVLT). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
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Level 3 Communications Inc. (LVLT) is an international communications company operating one of the largest communications and Internet backbones in the world. Since 1998, the Company has been focused on delivering premier services over one of the world's most advanced, IP-optimized networks. LVLT owns and maintains over 54,000 intercity route miles. It offers a comprehensive portfolio of network offerings that spans Internet Protocol (IP) services, broadband transport, colocation services, and patented Softswitch-based managed modem and voice services. It also uses these network services as a foundation for delivering enterprise telecommunications solutions.
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In the report, the analyst notes:
"LVLT said it lost $52 million, or $0.03 per share, in the fourth quarter of 2010, narrowing the year-ago quarter loss of $182 million, or $0.11 per share. The Internet backbone company said its most recent results included an income tax benefit of $93 million, or $0.06 per share, primarily from the release of foreign deferred tax valuation allowances, without which the Company's loss would have been $0.09 per share. Analysts, on average, expected the Company to report a loss of $0.10 per share."
"LVLT recently announced that it has enhanced its data center networking portfolio to help businesses meet increasing data center connectivity requirements and better manage costs. The Company said the enhanced portfolio now includes storage area networking (SAN) fiber channel protocol, dark fiber and managed fiber solutions."
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