Loews Corporation Posts Mixed Results (L)

New York city based Loews Corporation L released financial results on Monday morning that beat Wall Street earnings estimates, while missing revenue expectations. Loews Corporation (L) announced that its 2nd quarter net income rose to $366 million, or 87 cents per share, up from $340 million, or 78 cents per share, a year earlier. The company's revenue came in at $3.49 billion, down from $3.53 billion a year earlier. According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 82 cents per share, on revenue of $3.62 billion. Loews Corporation ended the previous trading day at $37.15 per share. The consensus price target of analysts covering the company's stock is $40 per share. Read more from Benzinga's Company news. See Some of the Top Moving Indexes Here.