Loews Corporation (NYSE: L) has announced financial results for the fourth quarter of 2022, reporting higher earnings and revenues.
Net income attributable to the company advanced to $364 million or $1.53 per share in the December quarter from $343 million or $1.36 per share in the comparable period of 2021.
The bottom line growth was driven by a 4% increase in revenues to $3.79 billion. Higher revenues at the CNA Financial and Boardwalk Pipelines divisions more than offset weakness in the Loews Hotel segment.
“Loews Corporation had a strong fourth quarter, with stellar performance from our consolidated subsidiaries. We were also pleased with the December Delaware Supreme Court reversal of the state Chancery Court’s decision that had awarded former Boardwalk minority unitholders damages of just over $900 million, including interest,” said Loews’ CEO James Tisch.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
AAPL Earnings: Apple’s Q2 sales and profit beat estimates; iPhone sales down 10%
Apple Inc. (NASDAQ: AAPL) on Thursday reported better-than-expected profit and revenue for the second quarter of 2024. There was a 10% decrease in iPhone sales. The gadget giant reported revenues
Shopify (SHOP) is all set to report Q1 2024 results. Here’s what to expect
Over the years, Shopify Inc. (NYSE: SHOP) has steadily expanded its footprint in the online retail market through constant innovation, like the recent launch of a mobile POS device for
eBay (EBAY): A look at how the ecommerce company fared in Q1 2024
Shares of eBay Inc. (NASDAQ: EBAY) were down over 2% on Thursday. The company reported its earnings results for the first quarter of 2024 a day ago, with revenue and
