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Loews (L) Q2 Earnings Surpass Estimates, Revenues Rise Y/Y
Loews Corporation L reported second-quarter 2019 earnings of 82 cents per share, which beat the Zacks Consensus Estimate by 9.3% and increased 13.9% year over year.
The improvement stemmed from higher earnings contributed by CNA Financial CNA and Boardwalk Pipeline, partially offset by lower parent company net investment income and decline in Diamond Offshore DO earnings.
Behind the Headlines
Operating revenues of $3.6 billion increased 0.8% year over year. Higher insurance premiums and operating revenues and other aided the top line.
Total expenses increased nearly 2% year over year to $3.3 billion on higher insurance claims and policyholders' benefits as well as higher operating expenses.
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https://finance.yahoo.com/news/loews-l-q...02658.html
![[Bild: Lc1dl1342.png]](https://finviz.com/publish/080519/Lc1dl1342.png)
Loews Corporation L reported second-quarter 2019 earnings of 82 cents per share, which beat the Zacks Consensus Estimate by 9.3% and increased 13.9% year over year.
The improvement stemmed from higher earnings contributed by CNA Financial CNA and Boardwalk Pipeline, partially offset by lower parent company net investment income and decline in Diamond Offshore DO earnings.
Behind the Headlines
Operating revenues of $3.6 billion increased 0.8% year over year. Higher insurance premiums and operating revenues and other aided the top line.
Total expenses increased nearly 2% year over year to $3.3 billion on higher insurance claims and policyholders' benefits as well as higher operating expenses.
...
https://finance.yahoo.com/news/loews-l-q...02658.html
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