(RTTNews) - Level 3 Communications Inc. (LVLT) is on the rise during Thursday's pre-market trading following the release of quarterly results.
At 8:33 am ET the stock is trading at $4.20 up $0.67 from Wednesday's close.
With the advance, the stock will open above recent resistance and at its highest level since early June.
The company said its net loss was $33 million, or $0.02 per share, including a $96 million, or $0.06 per share, gain from the sale of Vyvx on June 5.
The company had a net loss of $202 million, or $0.13 per share, in the year-ago quarter.
On average, analysts were expecting a loss of $0.10 per share.
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