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Global Crossing Expects Year Revenue to Top Estimates

Stock quotes in this article: GLBC , T , BT , VZ , Q , S  

Updated from 12:53 p.m. EDT

Global Crossing (GLBC Quote) swung to a fourth-quarter profit and offered rosy guidance for the full year.

The Florham Park, N.J., telecom company posted earnings of $1 million in the fourth quarter, compared to a loss of $90 million in the year-ago period. Revenue grew to $616 million, an increase of 26% from last year. The Thomson First Call average estimate was for revenue of $608 million. ...

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