SPOTLIGHT: Video demand boosts Level 3 Q1


Level 3 Communications posted a first quarter revenue increase of 3%, which does not sound like much until noting that Wall Street expected less. The carrier, still recovering from M&A integration challenges and executive departure, reported $1.09 billion in revenue, slightly above estimates of $1.06 billion. The company also lowered its losses to $181 million from $647 million for the same quarter last year, though the 12 cents earnings-per-share decline was one cent higher than expectations.

The earnings report suggested Level 3 found strength from increasing demand for online video, the type of content it is in a better position to support because of the content delivery network acquisitions it has made.

For more:
- check out this Associated Press report at Forbes.com

Suggested Articles

The journey to network automation begins with a single step… Big bang OSS transformation projects are slow, expensive and disruptive. Why not consider taking a…

Google is spending $1.1 billion to bulk up its data center footprint in the Netherlands.

Colt Technology Services and the Global Leaders Forum announced Monday that they are preparing the launch of a blockchain-enabled settlement platform.