Loews Corp. (L) Tops Q1 EPS by 32c

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Go back to Loews Corp. (L) Tops Q1 EPS by 32c

Loews Corporation Reports Net Income of $394 Million for the First Quarter of 2019

April 29, 2019 6:00 AM EDT

NEW YORK, April 29, 2019 /PRNewswire/ -- Loews Corporation (NYSE: L) today reported net income of $394 million, or $1.27 per share, for the three months ended March 31, 2019, compared to $293 million, or $0.89 per share, in the prior year period.

Net income for the three months ended March 31, 2019 increased from the prior year period due to higher earnings contributed by CNA Financial Corporation and Boardwalk Pipeline Partners, LP as well as higher parent company net investment income. These increases were partially offset by an income decline at Diamond Offshore Drilling, Inc.

Book value per share increased... More