Loews Corp. (L) Tops Q4 EPS by 11c

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Go back to Loews Corp. (L) Tops Q4 EPS by 11c

LOEWS CORPORATION REPORTS NET INCOME OF $1.16 BILLION FOR 2017

February 12, 2018 6:00 AM EST

NEW YORK, Feb. 12, 2018 /PRNewswire/ -- Loews Corporation (NYSE: L) today reported net income for the year ended December 31, 2017 of $1.16 billion, or $3.45 per share, compared to $654 million, or $1.93 per share, in the prior year. Net income for the three months ended December 31, 2017 was $481 million, or $1.43 per share, compared to $290 million, or $0.86 per share, in the prior year period.

Net income for the three months and year ended December 31, 2017 includes a significant net benefit of $200 million, or $0.59 per share, resulting from the enactment on December 22, 2017 of the Tax Cuts and... More