Loading...
Loading...
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.© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in