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.
For comments and feedback: editorial@rttnews.com