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Covad Gets 18.4% Boost From Outlook

Covad Gets 18.4% Boost From Outlook

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High-speed Internet company

Covad

(COVD)

was up 18.4% in preopen

Island

trading after saying it expects a fourth-quarter loss before items of $180 million to $190 million on revenue of $60 million to $65 million. The figures are on an EBITDA basis. The company did not provide earnings-per-share figures. Covad, which recently announced plans to cut its workforce by 13%, said it would take a fourth-quarter restructuring charge of $20 million.