Level 3 Raises Guidance
Level 3, which was given a positive write-up here recently, raised first quarter and full year guidance today. Q1 operating income before depreciation and amortization was raised from a range of $105 to $125 million to a $140 to $150.
The forecast for the full-year was raised from a operating income before D&A of $550 to $600 million to a new range of $600 to $650.
The stock, which was below $3.50 five trading days ago closed at $5.18 today.
Douglas A. McIntyre does not own securities in the companies he writes about.
Level 3, which was given a positive write-up here recently, raised first quarter and full year guidance today. Q1 operating income before depreciation and amortization was raised from a range of $105 to $125 million to a $140 to $150.
The forecast for the full-year was raised from a operating income before D&A of $550 to $600 million to a new range of $600 to $650.
The stock, which was below $3.50 five trading days ago closed at $5.18 today.
Douglas A. McIntyre does not own securities in the companies he writes about.
posted by douglas mcintyre at 5:34 PM
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