Winstar Communications Up 13.4% on Earnings, Financing

Winstar Communications

(WCII)

was up 13.4% in late trading. The broadband services company today

reported a third-quarter loss of $2.50 a share, better than the Street's estimate of $2.54 and the year-ago $2.18. Winstar also said it received $1 billion in financing, including equity investments from

Microsoft

(MSFT) - Get Report

and

Compaq

(CPQ)

.