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Loews Corp: Q3 EPS more than doubles

(CercleFinance.com) - Loews Corp.
, a conglomerate, with businesses ranging from energy to insurance and hotels, has reported net income of 139 million dollars or 50 cents per share for the third quarter of 2020, compared to EPS of 24 cents a year ago.

The improvement was driven by the contribution from insurance company CNA Financial, while Loews Hotels & Co. incurred a net loss due to the Covid-19 pandemic, while Boardwalk Pipelines' net income declined.


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