expects to meet or exceed Wall Street's expectations for the fourth quarter, an announcement that goes against the grain of the preannouncments most companies are issuing lately.

Image placeholder title

Analysts polled by

First Call/Thomson Financial

TheStreet Recommends

are calling for McLeodUSA, Cedar Rapids, Iowa, to post a loss of 26 cents a share for the period, wider than the 14 cents the company lost in the year-ago period. The company didn't provide specific figures for its forecast.

Shares of the communication services provider rose $4.75, or 39.6%, to $16.75 at the close of the


regular session and continued to rise, recently reaching $17 in after-hours