Metromedia Fiber Network Jumps 23.5% by Midday on Results - TheStreet

Metromedia Fiber Network

(MFNX)

was up 23.5% near midday after it

reported a third-quarter loss of 17 cents per share, handily beating the Street's estimate of 22 cents. The company lost 16 cents per share in the year-ago period. Metromedia was boosting other network companies.

Covad

(COVD)

was up 4.9%, and

Rhythms NetConnections

(RTHM)

, which is due to report results after the close, was up 32.7%.