Level 3 Communications Inc. , based in Broomfield, Colo., is a leading provider of local, national and global communications services to enterprise, government and carrier customers across the globe.
Level 3 Communications operates in a highly competitive enterprise communications market. In spite of its vast presence in the fiber market of Latin America, Europe, Middle East and Asia, it has to compete with telecom giants like Verizon and AT&T in North America and with Telefonica, Orange, BT Group, America Movil in Europe and Latin America. Moreover, fluctuations in the global macro economy could have an adverse effect on the company’s business, results of operations and financial condition. Notably, the company faces the risk of adverse foreign currency movements that may impact its top line.
Nevertheless, the company has a strong presence in several fields of enterprise networking like data networks, content distribution, managed services, securities, voice cloud and cloud connection. The company stands to benefit from the ongoing trend of large enterprise customers shifting to IP and fiber-based network architecture. Additionally, the company is on the lookout for strategic merger and acquisitions or stock buyouts to maximize shareholders’ value.
Currently, Level 3 Communications has a Zacks Rank #2 (Buy). The company has delivered negative earnings surprises of an average 3.77% in the last four quarters. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Level 3 Communications’ second-quarter 2016 adjusted EPS outpaced our expectation. Our consensus adjsuted earnings estimate called 46 cents per share and the company posted an adjusted EPS of 52 cents. Investors should note that these figures take out stock option expenses.
Revenue: Level 3 Communications reported total revenue of $2,056 million which lagged our estimate by nearly $28 million.
Key States to Note: Level 3 Communications expects to perform well in the rest of 2016. The company expects to generate free cash flow in the range of $1 billion to $1.1 billion for 2016. The company also expects adjusted EBITDA growth of 10% to 12% year-over-year in 2016.
Check back for our full write up on this Level 3 Communications earnings report later!
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Level 3 Communications (LVLT) Tops Q2 Earnings Estimate
Level 3 Communications Inc. , based in Broomfield, Colo., is a leading provider of local, national and global communications services to enterprise, government and carrier customers across the globe.
Level 3 Communications operates in a highly competitive enterprise communications market. In spite of its vast presence in the fiber market of Latin America, Europe, Middle East and Asia, it has to compete with telecom giants like Verizon and AT&T in North America and with Telefonica, Orange, BT Group, America Movil in Europe and Latin America. Moreover, fluctuations in the global macro economy could have an adverse effect on the company’s business, results of operations and financial condition. Notably, the company faces the risk of adverse foreign currency movements that may impact its top line.
Nevertheless, the company has a strong presence in several fields of enterprise networking like data networks, content distribution, managed services, securities, voice cloud and cloud connection. The company stands to benefit from the ongoing trend of large enterprise customers shifting to IP and fiber-based network architecture. Additionally, the company is on the lookout for strategic merger and acquisitions or stock buyouts to maximize shareholders’ value.
Currently, Level 3 Communications has a Zacks Rank #2 (Buy). The company has delivered negative earnings surprises of an average 3.77% in the last four quarters. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Level 3 Communications’ second-quarter 2016 adjusted EPS outpaced our expectation. Our consensus adjsuted earnings estimate called 46 cents per share and the company posted an adjusted EPS of 52 cents. Investors should note that these figures take out stock option expenses.
Revenue: Level 3 Communications reported total revenue of $2,056 million which lagged our estimate by nearly $28 million.
Key States to Note: Level 3 Communications expects to perform well in the rest of 2016. The company expects to generate free cash flow in the range of $1 billion to $1.1 billion for 2016. The company also expects adjusted EBITDA growth of 10% to 12% year-over-year in 2016.
LEVEL 3 COMM Price and EPS Surprise
LEVEL 3 COMM Price and EPS Surprise | LEVEL 3 COMM Quote
Check back for our full write up on this Level 3 Communications earnings report later!
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