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:
How was the Bottom Line?
Loews misses on earnings. Our consensus called for EPS of 70 cents per share, and the company reported EPS of 46 cents per share.
Key Stats to Note
· Total revenue of $3.4 billion declined 4.4% year over year.
· Total expenses increased 3.1% year over year to $3.1 billion.
· Book value as of Jun 30, 2015 was $51.77 per share, up about 4.1% from $49.74 as of Jun 30, 2014.
· Capital deployment via share repurchases totaled $233 million in the quarter.
Check back later for our full write up on this L earnings report later!
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