Level 3 Communications (LVLT: Quote) reported a fourth quarter loss of $0.16 per share Tuesday morning. The consensus estimate was for a loss of $0.18.
Level 3 Communications gapped open sharply lower Tuesday and fell in early trade, before settling into a range. Shares closed down by 3.35 at $21.31 on the highest volume of the year. The stock fell to nearly a 2-month low and dropped below both its 50 and 200-day moving averages.
by RTT Staff Writer
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