Loews Corp. (L) reported that its third-quarter net income attributable to Loews common stock was $468 million or $1.08 per share, compared to a loss of $137 million or $0.31 per share in the same quarter last year.
Income from operations before investment losses for the third quarter was $530 million compared to $235 million in the 2008 third quarter. Income from continuing operations for the 2009 third quarter was $469 million, or $1.08 per share, compared to a loss of $144 million, or $0.33 per share, in the 2008 third quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.89 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter were $3.74 billion, compared to $2.97 billion in the prior year quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.