Although Level 3 Communications Inc. (Nasdaq: LVLT) narrowed third quarter losses to 8 cents per share from losses of 11 cents per share in the year ago period to beat expectations, the telecommunications company cut its full year outlook sending the stock price plummeting 47 cents to 76 cents.
Level 3 Communications Cuts Outlook
October 23, 2008 at 14:07 PM EDT
