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Loews (L) Meets Q2 Earnings Estimates, Expenses Rise

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

Loews remains focused 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 #4 (Sell), 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 #1 Rank stocks here.

How was the Bottom Line?

Loews meets estimates. Our consensus called for EPS of 76 cents per share, and the company delivered the same in the quarter.

Loews Corporation Price and EPS Surprise

Key Stats to Note

•    Operating revenue of $3.3 billion increased 3% year over year.
•    Total expenses decreased declined 16.7% year over year to $3 billion.
•    Book value as of Jun 30, 2017 was $56.01 per share, up about 2.5% from $54.62 as of Dec 31, 2016.


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

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