Loews (L) Q1 Earnings Beat Estimates, Revenues Rise Y/Y
Loews Corporation L reported first-quarter 2019 earnings of $1.27 per share, which beat the Zacks Consensus Estimate by 30.9% and increased 42.7% year over year.
The improvement stemmed from higher earnings contributed by CNA Financial CNA and Boardwalk Pipeline Partners, LP as well as higher parent company net investment income, which were partially offset by lower earnings at Diamond Offshore DO.
Behind the Headlines
Operating revenues of $3.7 billion increased 4.3% year over year. Higher premiums and net investment income aided the top line.
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https://finance.yahoo.com/news/loews-l-q...TEOv6NRuHG
Loews Corporation L reported first-quarter 2019 earnings of $1.27 per share, which beat the Zacks Consensus Estimate by 30.9% and increased 42.7% year over year.
The improvement stemmed from higher earnings contributed by CNA Financial CNA and Boardwalk Pipeline Partners, LP as well as higher parent company net investment income, which were partially offset by lower earnings at Diamond Offshore DO.
Behind the Headlines
Operating revenues of $3.7 billion increased 4.3% year over year. Higher premiums and net investment income aided the top line.
...
https://finance.yahoo.com/news/loews-l-q...TEOv6NRuHG
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