Historical Stock Chart
From Jun 2018 to Jun 2020
By Allison Prang
Loews Corp.'s (L) profit rose in the third quarter as the company's total expenses stayed about flat and its revenue rose.
Loews reported earnings of $278 million, up 77% from the comparable quarter last year. The company said earnings per share were 88 cents, up from 46 cents.
Total revenue rose 2.5% to $3.61 billion. Revenue from insurance premiums rose while net investment income fell.
Total expenses were $3.25 billion, down slightly from $3.26 billion the year before.
Write to Allison Prang at email@example.com
(END) Dow Jones Newswires
November 05, 2018 06:37 ET (11:37 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.