Level 3 Communications reported fourth-quarter 2007 earnings this morning that showed improvement in the company's ongoing profit loss. For Q4, the carrier posted a $91 million loss that was far better than the $174 million loss it reported for the same quarter in 2006. Level 3 also did not announce any job cuts, at least as of this writing Thursday morning. There had been published reports a consultant recommended the carrier slash 1,100 jobs, or about 16% of its workforce. But, Janco Partners analyst Donna Jaegers, who follows Level 3 closely, suggested that would not be the case.
For more:
- read this Associated Press story at CNN Money
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- Level 3 has made numerous moves in the content delivery sector