Loews (L) Beats Q3 Earnings Estimates, Revenues Rise
New York based Loews Corporation L is a diversified holding company operating through its subsidiaries.
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Currently, Loews has a Zacks Rank #4 (Sell), but that could definitely change following its earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below. You can see the complete list of today’s Zacks #1 Rank stocks here.
How was the Bottom Line?
Loews beats estimates. Our consensus called for EPS of 2 cents per share, and the company delivered bottom line of 3 cents in the quarter.
Loews Corporation Price and EPS Surprise
Loews Corporation Price and EPS Surprise | Loews Corporation Quote
Key Stats to Note
• Operating revenue of $3.5 billion increased 9.4% year over year.
• Total expenses decreased increased 29% year over year to $3.3 billion.
• Book value as of Sep 30, 2017 was $56.41 per share, up about 2.5% from $54.62 as of Dec 31, 2016.
Check back later for our full write up on this L earnings report later!
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