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By Allison Prang
Loews Corp. (L) profit rose in its first quarter, driven by a rise in investment income and an increase in profit at CNA Financial Corp. and Boardwalk Pipeline Partners LP, the company said.
Loews reported $394 million in profit, up 34% from the comparable quarter a year prior. Its earnings were $1.27 a share, up from 89 cents a share.
Revenue rose 4.9% to $3.76 billion.
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(END) Dow Jones Newswires
April 29, 2019 06:31 ET (10:31 GMT)
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