=Level 3 (LVLT) reported earnings on Wed 27 Jul 2016 (b/o)

Level 3 beats by $0.08, misses on revs; reaffirms 2016 guidance :

• Reports Q2 (Jun) earnings of $0.53 per share, excluding non-recurring items, $0.08 better than the Capital IQ Consensus of $0.45; revenues rose 0.9% year/year to $2.06 bln vs the $2.08 bln Capital IQ Consensus.
• Reaffirms 2016 guidance of Adjusted EBITDA growth of 10-12% and Free Cash Flow of $1.0-1.1 billion.