Telecom services provider

Global Crossing

(GX)

was up 12.4% in late morning, a day after it posted a fourth-quarter loss of 70 cents a share, excluding items.

That beat the Street's 89 cent-loss estimate. The company lost 17 cents a share in the year-earlier quarter.

Global Crossing said the cost of building its communications network offset growth in data services sales. The company also reiterated its previous guidance for 2001.