Loews Breaks Down After It Swings to Fourth-Quarter Loss [TheStreet.com]
Loews Corporation (L)
Last loews corporation earnings: 2/10 06:00 am
Check Earnings Report
US:NYSE Investor Relations:
ir.loews.com
Company Research
Source: TheStreet.com
Loews Breaks Down After It Swings to Fourth-Quarter Loss Shares of Loews Corp. ( A year earlier the New York-based insurer reported a profit of $481 million. On an adjusted basis, the company reported earnings in the fourth quarter of 36 cents per share on revenue of $3.29 billion, down 7.5% from a year ago. The company said the loss was driven by "catastrophe losses at CNA Financial Corp.," but the company also said that the discrepancy between this quarter's earnings and last year's was due partly to the $200 million benefit booked in the 2017 fourth quarter thanks to the Tax Cuts and Jobs Act of 2017. Loews said total expenses in the quarter increased 13.7% year over year to $3.5 billion. For the year, thanks in part to the tax reform benefit, the company's earnings jumped 42.3% to $1.99 a share while revenue rose 2.4% year over year to $14.1 billion.
Show less
Read more
Impact Snapshot
Event Time:
L
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
L alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
L alerts
High impacting Loews Corporation news events
Weekly update
A roundup of the hottest topics
L
News
- Mindful Consumption Gets A Bespoke Feel With New Loews ‘Free Spirited' Program [Forbes]Forbes
- Loews Corporation to Release First Quarter 2024 Results on May 6, 2024PR Newswire
- RUCKUS Networks Launches AI-Driven Solutions for Hospitality [Yahoo! Finance]Yahoo! Finance
- NYC power lunch makes comeback as more workers return to office [Yahoo! Finance]Yahoo! Finance
- Loews Hotels & Co Launches "Free Spirited" Programming [Yahoo! Finance]Yahoo! Finance
L
Sec Filings
- 4/3/24 - Form ARS
- 4/3/24 - Form DEFA14A
- 4/3/24 - Form DEF
- L's page on the SEC website