Loews Corporation Reports Mixed Results (L,CNA,DO,BWP)

New York, New York-based Loews Corporation L released financial results on Monday morning that beat Wall Street earnings estimates, while failing to meet revenue expectations. Loews Corporation announced that its 4th quarter net income rose to $466 million, or $1.12 per share, up from $403 million, or 94 cents per share, a year earlier. Loews Corporation reported revenue of $3.72 billion, down from $3.82 billion a year earlier. According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 88 cents per share, on revenue of $3.89 billion. Loews Corporation (L) finished the previous trading day at $41.40 per share. The consensus price target of analysts covering the company's stock is $40.00 per share. Loews Corporation a holding company, is one of the largest diversified corporations in the United States. Its principal subsidiaries are CNA Financial Corporation CNA, a 90% owned subsidiary; Diamond Offshore Drilling, Inc. DO, a 50.4% owned subsidiary; HighMount Exploration & Production LLC, a wholly owned subsidiary; Boardwalk Pipeline Partners, LP BWP, a 66% owned subsidiary; and Loews Hotels, a wholly owned subsidiary. Read more from Benzinga's Company news.