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Loews: 2Q Earnings Snapshot

July 30, 2018

NEW YORK (AP) _ Loews Corp. (L) on Monday reported second-quarter profit of $230 million.

On a per-share basis, the New York-based company said it had profit of 72 cents. Earnings, adjusted for asset impairment costs, were 76 cents per share.

The commercial property and casualty insurance company posted revenue of $3.59 billion in the period.

Loews shares have fallen 0.5 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed slightly more than 5 percent. The stock has increased 3 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on L at https://www.zacks.com/ap/L

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