Level 3 (LVLT -9.8%) takes a hit in spite of its Q3 beating estimates. The company reported...

|About: Level 3 Communications, Inc. (LVLT)|By:, SA News Editor

Level 3 (LVLT -9.8%) takes a hit in spite of its Q3 beating estimates. The company reported revenue of $947M for the quarter, which was better than Street expectations of $912M, but the company disappointed on a per share basis, posting a wider Y/Y EPS loss of $1.47 due to higher interest expenses and acquistion costs related to its Global Crossing transaction.