Loews Corporation (NYSE: L), a diversified company with businesses in the insurance, energy, hospitality, and packaging industries, on Monday reported higher revenue and profit for the third quarter of 2024.
Net income attributable to Loews increased 10% to $401 million in Q3 from $253 million in the year-ago quarterCore income for the CNA subsidiary, on an adjusted basis, edged up to $293 million in the September quarter from $289 million in Q3 2023On a per-share basis, Q3 earnings moved up to $1.82 per share from $1.12 per share in the third quarter of 2023Excluding the prior-year third quarter’s $37 million charge for the termination of Loews’s defined benefit pension plan, net income grew 38% year-over-yearThe company repurchased 0.8 million shares of its common stock during the quarter for a total cost of $64 million
The post Loews Corporation’s (L) Q3 earnings rise 6% on higher revenues first appeared on AlphaStreet.
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