Loews Corporation (NYSE:L) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Loews Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 527.27% to $0.69 in the quarter versus EPS of $0.11 in the year-earlier quarter.
Revenue: Rose 10.36% to $3.74 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Loews Corporation reported adjusted EPS income of $0.69 per share. By that measure, the company missed the mean analyst estimate of $0.79.
Key Stats (on next page)…
Revenue increased 0.13% from $3.73 billion in the previous quarter. EPS decreased 15.85% from $0.82 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.72 to a profit $0.78. For the current year, the average estimate has moved down from a profit of $3.41 to a profit of $3.25 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)