Loews Corporation is a diversified holding company engaged in a variety of industries, including insurance, energy, hospitality, and packaging. The company operates through its subsidiaries, which provide a range of services and products, such as property and casualty insurance, natural gas distribution, and hotel management. Loews focuses on long-term value creation by leveraging its portfolio of businesses to generate consistent earnings and returns, while strategically seeking new investment opportunities that align with its overall growth objectives. Through its commitment to operational excellence and prudent financial management, Loews Corporation continues to position itself as a significant player in several key sectors of the economy. Read More
Wall Street kicked off the week with a cautious tone, as major stock indices hovered near the flatline by midday in New York. Investors digested fresh signs of inflationary pressure in the services sector, raising doubts about near-term rate cuts and weighing on risk appetite.
Loews Corp (NYSE: L) reported Q1 2025 results with net income of $370M, down from $457M a year ago. CNA Financial's revenue and net income increased, while Boardwalk Pipelines and Loews Hotels saw mixed results.
Lithia Motors Inc. (NYSE: LAD) stock dips in premarket trading after Q1 FY25 earnings miss. Revenue reached $9.18 billion, falling short of the $9.26 billion estimate, while adjusted EPS came in at $7.66 versus $7.69 expected.
Revenue rose nearly 7% year-over-year (YoY) to $4.55 billion during the quarter, while net income fell to $187 million compared to $446 million in the same quarter a year ago.
Let's have a look at what is happening on the US markets before the opening bell on Monday. Below you can find the top S&P500 gainers and losers in today's pre-market session.
Loews Corp reported strong Q3 earnings with increased net income and revenues. CNA Financial Corp also saw growth, while Boardwalk Pipelines and Loews Hotels improved results.
The second Category 5 storm of the 2024 hurricane season named Hurricane Milton is threatening large-scale destruction, as it quickly graduated from Category 1 status and is approaching the state of Florida.
