Loews Corp. reported Monday second-quarter profit and revenue that rose above expectations, as majority-owned insurer CNA Financial Corp. posted higher...
Loews Corp. L reported Monday second-quarter profit and revenue that rose above expectations, as majority-owned insurer CNA Financial Corp. CNA posted higher earnings. Loews, the diversified company in the insurance, energy, hospitality and packaging industries, said net income rose to $360 million, or $1.58 a share, from $167 million, or 68 cents a share, in the year-ago period. Revenue grew 16.1% to $3.93 billion. There were no analyst estimates available from FactSet.
L reported Monday second-quarter profit and revenue that rose above expectations, as majority-owned insurer CNA Financial Corp. CNA posted higher earnings. Loews, the diversified company in the insurance, energy, hospitality and packaging industries, said net income rose to $360 million, or $1.58 a share, from $167 million, or 68 cents a share, in the year-ago period. Revenue grew 16.1% to $3.93 billion. There were no analyst estimates available from FactSet.
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