Loews Corp: beats consensus in Q2
(CercleFinance.com) - Loews Corp, a conglomerate whose activities range from energy to insurance and hospitality, has published Q2 2019 net income that is up 8% at 249 million dollars, or 82 cents per share, above the consensus of 75 cents.
This improvement is thanks to higher contributions from the insurance company CNA Financial and the Boardwalk Pipelines oil product transportation and storage company.
These positive factors more than offset a decline in the results of the offshore drilling subsidiary Diamond Offshore Drilling, as well as lower net investment income earned by the parent company.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
This improvement is thanks to higher contributions from the insurance company CNA Financial and the Boardwalk Pipelines oil product transportation and storage company.
These positive factors more than offset a decline in the results of the offshore drilling subsidiary Diamond Offshore Drilling, as well as lower net investment income earned by the parent company.
Copyright (c) 2019 CercleFinance.com. All rights reserved.