Loews Corp. (L) Reports Q3 EPS of $0.24

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Go back to Loews Corp. (L) Reports Q3 EPS of $0.24

Loews Corporation Reports Net Income Of $72 Million For The Third Quarter Of 2019

October 28, 2019 6:00 AM EDT

NEW YORK, Oct. 28, 2019 /PRNewswire/ -- Loews Corporation (NYSE: L) today reported net income of $72 million, or $0.24 per share, for the three months ended September 30, 2019, compared to $278 million, or $0.88 per share, in the comparable prior year period. Net income for the nine months ended September 30, 2019 was $715 million, or $2.34 per share, compared to $801 million, or $2.49 per share, in the comparable prior year period.

Net income for the three and nine months ended September 30, 2019 included a charge of $151 million (after tax and noncontrolling interests) related to the recognition by CNA Financial... More