McLeodUSA

(MCLD)

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.

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Analysts polled by

First Call/Thomson Financial

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

Nasdaq

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

Island

activity.