Level 3
The Broomfield-based telecom’s stock fell 8 percent Wednesday to $23.36 after it reported a net loss for the third quarter that was wider than analysts expected.
Level 3, which specializes in the delivery of Internet, voice and other network traffic, said its net loss grew to $207 million, or $1.75 per share, compared with a net loss of $163 million, or $1.47 per share, in the same period last year.
The loss was bigger than the $1.51 per share that analysts polled by FactSet expected.
Revenue rose 4 percent to $947 million.
CenturyLink
The phone company said its third-quarter net income fell as rising operating expenses related to its April acquisition of larger phone company Qwest overshadowed increased revenue.
In the July-September quarter, CenturyLink earned $140 million, or 23 cents per share. That is down 40 percent from the $232 million, or 76 cents per share, a year earlier. Revenue rose to $4.6 billion from $1.7 billion.
Excluding one-time items, the company earned 34 cents per share, matching estimates of analysts polled by FactSet.
Molson Coors
Third-quarter profit tumbled 23 percent as high costs and high unemployment among its core customers continued its toll and the company missed Wall Street expectations.
Molson Coors reported Wednesday that its net income fell to $197.4 million, or $1.06 per share, for the quarter that ended Sept. 24. That’s down from $256.1 million, or $1.38 per share, a year ago. Revenue rose 9 percent to $954.4 million.
Comcast
Profit rose 5 percent in the third quarter as net income rose to $908 million, or 33 cents per share, for the July-to-September period.
That was up from $867 million, or 31 cents per share, a year ago. Revenue rose 51 percent to $14.3 billion.
Analysts polled by FactSet were expecting 39 cents per share.
Kraft
Third-quarter profit jumped 22 percent as higher prices helped offset increased costs for the foodmaker.
The food company reported Wednesday that it earned $922 million, or 52 cents per share, for the quarter that ended Sept. 30. That’s up from $754 million, or 43 cents per share, last year. Kraft’s revenue rose nearly 12 percent to $13.23 billion.
After adjusting for integration costs related to its acquisition of Cadbury, the company earned 58 cents per share, beating analysts’ expectations of 55 cents.
Whole Foods
Fourth-quarter profit increased 31 percent as U.S. store sales increased.
Net income in the period ended Sept. 25 climbed to $75.5 million, or 42 cents a share, from $57.5 million, or 33 cents, a year earlier.
Analysts expected 41 cents, the average of 22 estimates compiled by Bloomberg.
