Loews Corporation’s (L) third quarter income from continuing operations came in at $1.08 per share compared to a loss of 33 cents in the year-ago quarter. Results primarily reflected a 26% year-over-year increase in revenues. The improved results were driven by increased investment income and a considerable reduction in investment losses at CNA Financial Corporation (CNA) and strong results at Diamond Offshore Drilling Inc. (DO). Also, the results reflect a strong rebound in investment income, primarily from improved limited partnership results. CNA Financial Corporation’s operating income increased to $304 million from $76 million in the prior-year period. Diamond Offshore experienced a strong quarter with $170 million of earnings, up 17% year-over-year. However, Boardwalk Pipeline Partners, LP’s (BWP) earnings decreased to $9 million from $31 million in the year-ago period. Reported earnings for the quarter were significantly reduced due to the shutting down ...

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Friday October 2, 2009

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Integral Systems, Inc., (Nasdaq: ISYS) today announced its continued partnership with the US Air Force on the Rapid Attack, Identification, Detection and Reporting System Block-10 (RAIDRS RB-10) program. On September 25, the US Air Force Space and Missile Systems Center obligated $27,740,754 to implement the restructure of the program from a 6 fixed and 3 deployable site configuration, to a 5 transportable system construct. The Air Force has approved the system restructure under a contract modification with a ceiling

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Loews Corporation’s (L) second quarter income from continuing operations came in at $0.78 per share, substantially short of the Zacks consensus estimate of $1.09. This compares to net income of $1.00 in the year-ago quarter.   The lower-than-expected results primarily reflect higher net investment losses partially offset by an increase in net investment income at CNA Financial Corporation and strong results at Diamond Offshore Drilling, Inc. However, the underwriting performance was impressive during the quarter. Also, the results reflect a strong rebound in investment income, primarily from improved limited partnership results.   Net income from continuing operations decreased 33.3% year over year to $341 million.  This includes after tax net investment losses of $178 million, compared to $64 million in the prior year quarter. Net investment losses in the reported quarter primarily resulted from other-than-temporary impairment losses recognized in CNA’s available-for-sale portfolio.   CNA Financial Corporation’s operating income increased

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Thursday July 30, 2009

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Senomyx, Inc. (Nasdaq: SNMX) will release its second quarter 2009 financial results on Tuesday, August 4, 2009 before the opening of the U.S. financial markets. The Company will also host a conference call with a live Internet broadcast that will provide a corporate update and a review of its second quarter results on the same day at 11:00 a.m. Eastern Time (8:00 a.m. Pacific Time).

Appalachian Bancshares, Inc. (Nasdaq:APAB), holding company for Appalachian Community Bank, Appalachian Community Bank, F.S.B., and Appalachian Real Estate Holdings, Inc. reported consolidated total assets of $1.2 billion, at June 30, 2009, compared to $1.1 billion

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Loews Corporation (L) experienced a 3Q08 net loss from continuing operations came of $0.33 per share, the result of higher-than-expected catastrophe losses and investment losses at CNA Financial Corporation (CNA), which more than offset the improved results at the energy and drilling subsidiaries -- HighMount Exploration, Diamond Offshore Drilling, Inc. (DO) and Boardwalk Pipeline Partners LP (BWP).

The spin-off of Lorillard in 2Q08 eliminated the company's overhang from tobacco litigation, permitting an increased focuses on broadening hydrocarbon interests. While the company has announced large capital investments (which would benefit results in the future), we reiterate our Hold recommendation as of now.

CNA Financial is the 14th largest property-casualty insurer in the U.S., providing standard commercial lines, specialty lines (specialty property-casualty, professional and financial), surety, marine, and other property and casualty coverage as well as life, and group insurance coverage. CNA is 90.0% owned by Loews. This insurance

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