Loews misses Q2 earnings estimate

Insurance firm Loews Corp. (L) saw its stock trade 1% down Monday after it posted second-quarter earnings that missed analysts estimates. Net income was flat at $230 million, mainly hurt by lower earnings at Diamond Offshore Drilling, Inc. and CNA Financial Corporation. Meanwhile, EPS rose 4.35% to $0.72 per share, missing analysts’ projection by a … Continue reading Loews misses Q2 earnings estimate