Loews Company (NYSE: L), a diversified firm with companies in areas like insurance coverage, power, and hospitality, reported monetary outcomes for the fourth quarter of 2024.
- Internet earnings attributable to Loews decreased sharply to $187 million in This fall from $446 million within the year-ago quarter
- Core earnings for the CNA subsidiary, on an adjusted foundation, dropped to $342 million within the December quarter from $362 million in This fall 2023
- At $4.55 billion, fourth-quarter revenues have been up 7% from the prior-year interval
- On a per-share foundation, This fall earnings slid to $0.86 per share from $1.99 per share within the fourth quarter of 2023
- E book worth per share, excluding Gathered Different Complete Revenue, elevated to $88.18 within the December quarter from $81.92 as of December 2023
- The corporate repurchased 4.2 million shares of its frequent inventory for a complete price of $349 million within the remaining three months of fiscal 2024
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