Loews Corporation Reports Net Income Of $632 Million For 2016

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Loews Corp. (L) Tops Q4 EPS by 16c

February 6, 2017 6:05 AM EST

Loews Corp. (NYSE: L) reported Q4 EPS of $0.79, $0.16 better than the analyst estimate of $0.63.

Net income for the year ended December 31, 2016 included asset impairment charges of $267 million (after tax and noncontrolling interests) at Diamond Offshore Drilling, Inc. In 2015, net income for the three months... More