Level 3 reports $149M profit for second quarter

BROOMFIELD — Telecommunications firm Level 3 Communications Inc. on Wednesday reported a profit of $149 million for its second quarter that ended June 30, compared with a loss of $13 million for the same period a year ago.

Broomfield-based Level 3 (Nasdaq: LVLT) generated revenue of $2.06 billion for the quarter, matching the $2.06 billion generated during the same quarter a year ago.

Earnings per share for the quarter was 42 cents, compared with a loss of 4 cents per share for the same quarter a year ago.

“With our focus on profitable growth combined with the strong operating leverage in the business, we continued to deliver expanded margins and improved profitability,” Jeff Storey, Level 3’s president and chief executive said in a prepared statement. “We continue to invest in the business, remain confident in our ability to meet the networking needs of our enterprise customers and believe we can deliver stronger revenue growth in the future.”

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