Level 3 Communications (LVLT) Tops Q2 EPS by 1c

Level 3 Communications (NYSE: LVLT) reported Q2 EPS of $0.42, $0.01 better than the analyst estimate of $0.41. Revenue for the quarter came in at $2.06 billion versus the consensus estimate of $2.08 billion.

"Level 3 continued to drive profitable growth, as evidenced by our expanding margins," said Jeff Storey, president and CEO of Level 3. "We executed on our integration plans, while maintaining our focus on the customer experience. Beyond integration, we are also making investments to position the company for long-term growth by advancing our product offerings, expanding our network footprint and simplifying our operating environment."

2015 Business Outlook

"We remain confident in our performance for the remainder of the year and are reiterating the outlook we provided last quarter," Patel said. "We continue to expect 2015 Adjusted EBITDA growth of 14 to 17 percent and Free Cash Flow of $600 to $650 million for the full year 2015."

"Given the capital markets activity in the quarter, we are lowering our interest expense outlook for the full year 2015, and now expect GAAP interest expense of approximately $650 million and net cash interest expense of approximately $640 million, compared to our prior outlook of $660 million and $645 million, respectively."

For earnings history and earnings-related data on Level 3 Communications (LVLT) click here.

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