Monday, April 30, 2007

Loews profit up on insurance, tobacco

(Reuters) - Profit attributable to Loews shareholders rose to $650.7 million, or $1.20 per share, from $473.4 million, or 85 cents.

Excluding investment gains and losses, profit totaled about $1.07 per share. Analysts on average expected profit of 95 cents per share, according to Reuters Estimates. Revenue rose 10 percent to $4.66 billion.


Read more at Reuters.com Market News

No comments: