New York based Loews Corporation (L - Free Report) is a diversified holding company operating through its subsidiaries. Loews remains focused to strengthen its hotel business, its smallest unit, with the addition of more hotels to its portfolio.
Currently, Loews has a Zacks Rank #3 (Hold), but that could definitely change following its earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below.
How was the Bottom Line?
Loews beats on earnings. Our consensus called for EPS of 66 cents per share, and the company delivered EPS of 81 cents per share.
Loews Corporation Price and EPS Surprise
Loews Corporation Price and EPS Surprise | Loews Corporation Quote
Key Stats to Note
•  Operating revenue of $3.3 billion increased 2% year over year.
•  Total expenses decreased declined 6% year over year to $2.8 billion.
•  Book value as of Mar 31, 2017 was $54.91 per share, up about 1.8% from $53.96 as of Dec 31, 2016.
