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Stock impact report

Loews Corporation Reports Net Income Of $278 Million For The Third Quarter Of 2018

Loews Corp (L)  More Company Research Source: PR Newswire
Last loews corp earnings: 8/5 06:00 am Check Earnings Report
US:NYSE Investor Relations: ir.loews.com
PDF NEW YORK, Nov. 5, 2018 /PRNewswire/ -- Loews Corporation (NYSE: L) today reported net income for the three months ended September 30, 2018 of $278 million, or $0.88 per share, compared to $157 million, or $0.46 per share, in the prior year period. Net income for the nine months ended September 30, 2018 was $801 million, or $2.49 per share, compared to $683 million, or $2.02 per share, in the prior year period. Net income for the three and nine months ended September 30, 2018 increased as compared to the prior year period, due to higher earnings at CNA Financial Corporation, Boardwalk Pipeline Partners, LP and Loews Hotels & Co. Lower results at Diamond Offshore Drilling, Inc. and the parent company investment portfolio partially offset the year-over-year improvement.Book value per share increased to $60.18 at September 30, 2018 from $57.83 at December 31, 2017. Book value per share excluding accumulated other comprehensive income (AOCI) increased to $62.58 at September 30, 2018 from $ [Read more]
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