Q1 Earnings Review LVLT, EP and Results LNKD, FSLR, FIGVW Staff
Level 3 Communications
The data and communications infrastructure company Level 3 Communications, Inc. (NYSE:LVLT) will be reporting earnings on May 3, 2012, followed up by a conference call. The firm, who offers services from virtual private networks to dark fibre and content distribution, is projected to lose $0.60 in the first quarter, which is a threefold improvement over their results in the first quarter of 2011. In fact, this trend is projected forward by analysts who are indicating a shrinking loss and a potential return to profitability in the fourth quarter of 2012. This is despite a growing loss in each of the last four fiscal years.
The results came in at a loss of $0.37 a share excluding losses on extinguishment of debt, beating estimates. Shares are up $0.60 in pre-market trading.
El Paso Corp
The owner of America’s largest natural gas pipeline system, El Paso Corp (NYSE:EP) is poised to announce its 2012 first quarter earnings today. Analysts on average are estimating earnings of $0.29 per share, which is largely in line with the first quarter of 2011. Despite this, analysts have a more positive outlook on the remainder of the year, where they see El Paso earning $1.20 per share for 2012, up 20% over 2011 earnings. El Paso and Kinder Morgan Inc (NYSE:KMI) have previously agreed in October of 2011 for Kinder Morgan to acquire all outstanding El Paso shares at $26.87 per share.
El Paso Corporation reported earnings of 20 cents per share, which was below analyst estimates. The company is down in the pre-market 0.90% on the results.