Loews Corp. (L) Tops Q4 EPS by 16c
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Loews Corporation Reports Net Income Of $632 Million For 2016
February 6, 2017 6:00 AM ESTNEW YORK, Feb. 6, 2017 /PRNewswire/ -- Loews Corporation (NYSE: L) today reported net income of $632 million, or $1.87 per share, for the year ended December 31, 2016, compared to $260 million, or $0.72 per share, in the prior year. Net income for the three months ended December 31, 2016 was $268 million, or $0.79 per share, compared to a net loss of $201 million, or $0.58 per share, in the prior year period.
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
