FX.co ★ Loews Corp. Q1 Income Rises

Loews Corporation recently announced a boost in its earnings for the first quarter of this year as compared to the same period last year. In monetary terms, the company's profits increased to $457 million or $2.05 per share, marking a substantial hike from the previous year's first quarter earnings of $375 million or $1.61 per share.

Furthermore, Loews Corporation's revenue for the quarter showed significant growth by 11.9%, amounting to $4.23 billion. This is considerable growth from the $3.78 billion revenue of the first quarter of the last year.

In a brief overview of the company's earnings from a GAAP perspective, the earnings for the first quarter were $457 million compared to $375 million last year. The Earnings per Share (EPS) for the first quarter were $2.05 as compared to $1.61 last year. The revenue for the first quarter was at $4.23 billion as compared to $3.78 billion for the same period last year.