New York based Loews Corporation (L Quick QuoteL - Free Report) is a diversified holding company operating through its subsidiaries.

Loews aims to strengthen its hotel business, its smallest unit, with the addition of more hotels to its portfolio.

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Currently, Loews has a Zacks Rank #3 (Hold), but that could definitely change following its earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below. You can see the complete list of today’s Zacks Rank #1 stocks here.

How was the Bottom Line?

Loews beats on earnings. Our consensus called for EPS of 69 cents per share, and the company delivered EPS of 89 cents per share.

LOEWS CORP Price and EPS Surprise

LOEWS CORP Price and EPS Surprise | LOEWS CORP Quote

Key Stats to Note

•    Operating revenue of $3.2 billion inched up 0.7% year over year.
•    Total expenses decreased 3.2% year over year to $2.7 billion.
•    Book value as of Sep 30, 2016 was $53.79 per share, up about 2% from $52.72 as of Dec 31, 2015.
•    Capital deployment via share repurchases totaled $17 million in the quarter.

Check back later for our full write up on this L earnings report later!

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