Loews Corp. (L) Tops Q1 EPS by 22c

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Go back to Loews Corp. (L) Tops Q1 EPS by 22c

Loews Corporation Reports Net Income Of $295 Million For The First Quarter Of 2017

May 1, 2017 6:00 AM EDT

NEW YORK, May 1, 2017 /PRNewswire/ -- Loews Corporation (NYSE: L) today reported net income of $295 million, or $0.87 per share, for the three months ended March 31, 2017, compared to $102 million, or $0.30 per share, in the prior year period.

Net income increased $193 million as compared to the prior year due to higher earnings at CNA Financial Corporation, Boardwalk Pipeline Partners, LP and Loews Hotels & Co, as well as higher income generated by the parent company investment portfolio. These increases were partially offset by lower earnings at Diamond Offshore Drilling, Inc.

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