Level 3 Communications Inc. Bottom Line Drops 92% In Q4

(RTTNews) - Level 3 Communications Inc. (LVLT) revealed earnings for fourth quarter that retreated compared to the same period last year.

The company said its earnings declined to $0.25 billion, or $0.69 per share. This was down from $3.32 billion, or $9.24 per share, in last year's fourth quarter.

The company said revenue for the quarter fell 1.0% to $2.03 billion. This was down from $2.05 billion last year.

Level 3 Communications Inc. earnings at a glance:

-Earnings (Q4): $0.25 Bln. vs. $3.32 Bln. last year. -Earnings Decline (Y-o-Y): -92.5% -EPS (Q4): $0.69 vs. $9.24 last year. -EPS Decline (Y-o-Y): -92.5% -Revenue (Q4): $2.03 Bln vs. $2.05 Bln last year. -Revenue Change (Y-o-Y): -1.0%