Loews (L) Q1 Earnings Beat Estimates, Revenues Improve

New York based Loews Corporation L is a diversified holding company operating through its subsidiaries.

Loews remains focused to strengthen its hotel business, its smallest unit, with the addition of more hotels to its portfolio.

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CNA Specialty as well as Commercial continues to experience rate increase as well as solid retentions thereby aiding solid performances at CNA Financial.

Currently, Loews has a Zacks Rank #3 (Hold), 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 on earnings. Our consensus called for EPS of 66 cents per share, and the company delivered EPS of 81 cents per share.

Key Stats to Note

• Operating revenue of $3.3 billion increased 2% year over year.
• Total expenses decreased declined 6% year over year to $2.8 billion.
• Book value as of Mar 31, 2017 was $54.91 per share, up about 1.8% from $53.96 as of Dec 31, 2016.

Check back later for our full write up on this L earnings report later!

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