Qwest's Loss Narrows

Qwest Communications (Q Quote) said second-quarter revenue just edged up from a year ago, but the phone giant reported that its loss narrowed considerably year over year.

The Denver-based company posted operating revenue of $3.47 billion for the quarter, up from $3.44 billion a year ago. On the bottom line, the company lost $164 million, or 9 cents a share, vs. a loss of $776 million, or 43 cents a share, in the prior-year period.

The loss of 9 cents a share includes items that widened that number by 2 cents a share, while the year-ago quarter includes items that worsened the loss by 25 cents. ...