Loews Corp. (L) Misses Q2 EPS by 1c

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Go back to Loews Corp. (L) Misses Q2 EPS by 1c

Loews Corporation Reports Net Income Of $230 Million For The Second Quarter Of 2018

July 30, 2018 6:01 AM EDT

NEW YORK, July 30, 2018 /PRNewswire/ -- Loews Corporation (NYSE: L) today reported net income for the three months ended June 30, 2018 of $230 million, or $0.72 per share, compared to $231 million, or $0.69 per share, in the prior year period. Net income for the six months ended June 30, 2018 was $523 million, or $1.61 per share, compared to $526 million, or $1.56 per share, in the prior year period. The increased earnings per share for the quarter and year to date periods reflect share repurchase activity in 2017 and 2018.

Net income for the three months ended June 30, 2018 was essentially... More