Wednesday, February 5, 2014

Level 3 Communications (LVLT) Reports 4Q'13 Results (Hits New 52-Week High)

Level 3 Communications (LVLT) reported 4Q'13 results today (02014.02.05) before the market opened. The first paragraph from the press release: "Total revenue of $1.602 billion for the fourth quarter 2013, compared to $1.614 billion for the fourth quarter 2012. For the full year 2013, total revenue was $6.313 billion, compared to $6.376 billion for the full year 2012." I like how Level 3 reports revenues to nearest thousandth (i.e. three decimal digits).

LVLT had a gap open today (02014.02.05). Previous close was $31.41 and the open was at $32.59. LVLT spiked to a new 52-week high $34.83 during the first few minutes of trading.

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