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.
A low-pressure system in the Atlantic Ocean may develop into a tropical storm in the next few days. It may strengthen as it approaches Florida due to favorable conditions. Potential impact on East Coast or Gulf Coast. Mixed performances for companies selling electric generators during mid-day trading.
The stock market is poised to mark a third consecutive session of gains, with major indices all trading in the green during midday trading in New York on Monday, as traders continue to react positively to quarterly earnings and the Federal Reserve’s unexpectedly dovish stance
Loews Corp reported Q1 FY24 results with net income of $457M, EPS of $2.05, and revenues of $4.23B. CNA & Boardwalk Pipelines also see increases. Loews has $3.2B cash, repurchased 0.9M shares, and has 222.1M outstanding.
