Loews Corp: Q1 EPS exceed expectations
(CercleFinance.com) - Loews Corp, a conglomerate whose activities range from energy to insurance and hospitality, has published Q1 2019 net income that is up a third at 394 million dollars, or 1.
27 dollar per share, against the consensus of 96 cents.
This improvement is thanks to higher contributions from CNA Financial and Boardwalk Pipeline Partners, as well as higher net investment income from the parent company.
These beneficial items more than offset a decline in results at Diamond Offshore Drilling, which stems from market conditions that difficult and an unfavourable accounting comparison basis.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
27 dollar per share, against the consensus of 96 cents.
This improvement is thanks to higher contributions from CNA Financial and Boardwalk Pipeline Partners, as well as higher net investment income from the parent company.
These beneficial items more than offset a decline in results at Diamond Offshore Drilling, which stems from market conditions that difficult and an unfavourable accounting comparison basis.
Copyright (c) 2019 CercleFinance.com. All rights reserved.