New York based Loews CorporationL is a diversified holding company operating through its subsidiaries.
Loews aims to strengthen its hotel business, its smallest unit, with the addition of more hotels to its portfolio.
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Currently, Loews has a Zacks Rank #2 (Buy), 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. You can see the complete list of today's Zacks #1 Rank stocks here.
How was the Bottom Line?
Loews beats on earnings. Our consensus called for EPS of 63 cents per share, and the company delivered EPS of 79 cents per share.
Loews Corporation Price and EPS Surprise
Key Stats to Note
• Operating revenue of $3.3 billion declined 1.7% year over year.
• Total expenses decreased declined 23.7% year over year to $2.9 billion.
• Book value as of Dec 31, 2016 was $53.89 per share, up about 4.3% from $51.67 as of Dec 31, 2015.
• Capital deployment via share repurchases totaled $134 million in 2016.
Check back later for our full write up on this L earnings report later!
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