Loews Corporation (NYSE:L) delivered a profit and missed Wall Street’s expectations.
Loews Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 28.74% to $0.62 in the quarter versus EPS of $0.87 in the year-earlier quarter.
Revenue: Decreased 0.27% to $3.73 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Loews Corporation reported adjusted EPS income of $0.62 per share. By that measure, the company missed the mean analyst estimate of $0.84.
Quoting Management: There was no comment from management.
Key Stats (on next page)…
Revenue increased 0.78% from $3.71 billion in the previous quarter. EPS increased 72.22% from $0.36 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.83 to a profit $0.82. For the current year, the average estimate has moved down from a profit of $3.44 to a profit of $3.41 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)