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Loews (L) Q4 Earnings Beat Estimates, Revenues Rise Y/Y
Loews Corporation L reported fourth-quarter 2019 earnings of 73 cents per share, beating the Zacks Consensus Estimate by 1.4%. The bottom line came against the year-ago loss of 53 cents per share.
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Operating revenues of $3.8 billion increased 17.9% year over year. Higher insurance premiums, net investment income and investment gains aided the top line.
Total expenses inched up 2.3% year over year to $3.6 billion on higher operating expenses.
Book value excluding accumulated other comprehensive income as of Dec 31, 2019 was $65.94 per share, up 6.1% from $62.16 as of Dec 31, 2018.
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https://finance.yahoo.com/news/loews-l-q...02662.html
![[Bild: Lc1dl1451.png]](https://finviz.com/publish/021120/Lc1dl1451.png)
Loews Corporation L reported fourth-quarter 2019 earnings of 73 cents per share, beating the Zacks Consensus Estimate by 1.4%. The bottom line came against the year-ago loss of 53 cents per share.
..
Operating revenues of $3.8 billion increased 17.9% year over year. Higher insurance premiums, net investment income and investment gains aided the top line.
Total expenses inched up 2.3% year over year to $3.6 billion on higher operating expenses.
Book value excluding accumulated other comprehensive income as of Dec 31, 2019 was $65.94 per share, up 6.1% from $62.16 as of Dec 31, 2018.
...
https://finance.yahoo.com/news/loews-l-q...02662.html
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