Categories AlphaGraphs, Earnings, Finance

Loews Corporation (L) reports double-digit growth in Q1 revenue and profit

Loews Corporation (NYSE: L), a diversified company with businesses in the insurance, energy, hospitality, and packaging industries, on Monday reported a sharp increase in revenues and earnings for the first quarter of 2024.

Loews Q1 2024 earnings infographic

Net income increased an impressive 22% year-over-year to $457 billion in the March quarter. On a per-share basis, Q1 earnings were $2.05 per share, compared to $1.61 per share in the same period last year.

The bottom line benefitted from a 12% growth in first-quarter revenues to $4.23 billion, with all three operating segments registering growth.

“Loews had an exceptional quarter driven by stellar results at CNA and Boardwalk. CNA continues to experience strong profitable growth, reporting its highest ever first quarter core income,” said James Tisch, chief executive officer of Loews Corporation.

Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.

Most Popular

INTU Earnings: Intuit Q3 2024 revenue and adj. profit top expectations

Intuit Inc. (NASDAQ: INTU) Thursday reported an increase in adjusted earnings and revenues for the third quarter of 2024. The results also exceeded analysts' estimates. At $6.74 billion, the Mountain

After blowout quarter, Nvidia (NVDA) looks set to continue riding the AI wave

Shares of NVIDIA Corporation (NASDAQ: NVDA) rallied this week after the semiconductor giant reported robust first-quarter numbers. Being a first mover in artificial intelligence chips, the company is spearheading the

Target Corp. (TGT): A brief look at the retailer’s performance in Q1 2024

Shares of Target Corporation (NYSE: TGT) rose over 1% on Thursday. The stock has dropped over 11% in the past one month. The company delivered mixed results for the first

Add Comment
Viewing Highlight