Level 3 Communications Inc. Profit Advances 4935% In Q4

(RTTNews) - Level 3 Communications Inc. (LVLT) revealed earnings for its fourth quarter that increased from last year.

The company said its bottom line totaled $3323 million, or $9.24 per share. This was higher than $66 million, or $0.21 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.52 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.3% to $2.05 billion. This was up from $1.91 billion last year.

Level 3 Communications Inc. earnings at a glance:

-Earnings (Q4): $3323 Mln. vs. $66 Mln. last year. -Earnings Growth (Y-o-Y): 4934.8% -EPS (Q4): $9.24 vs. $0.21 last year. -EPS Growth (Y-o-Y): 4300% -Analysts Estimate: $0.52 -Revenue (Q4): $2.05 Bln vs. $1.91 Bln last year. -Revenue Change (Y-o-Y): 7.3%