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Loews Corp Reports Profit – Analyst Blog

Zacks Market Commentaries (November 2nd, 2009) Writes:
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 ...

Zacks Bull and Bear of the Day Highlights: Acergy, Loews Corporation, Bank of America, Wal-Mart and Macy’s – Press Releases

Zacks Market Commentaries (August 28th, 2009) Writes:

For Immediate Release

Chicago, IL – August 28, 2009 – Zacks Equity Research highlights Acergy (ACGY) as the Bull of the Day and Loews Corporation (L) the Bear of the Day. In addition, Zacks Equity Research provides analysis on Bank of America (BAC), Wal-Mart (WMT) and Macy's (M).

Full analysis of all these stocks is available at http://at.zacks.com/?id=2676

Here is a synopsis of all five stocks:

Bull of the Day:

Acergy (ACGY) posted better-than-expected second quarter 2009 results, though revenue and backlog slipped, reflecting the tentative operating environment stemming from commodity price and credit market overhang.

With a still healthy backlog, significant cash balances and no near-term refinancing requirements, Acergy remains comfortable to weather the challenging business environment.

Our continued Outperform recommendation on Acergy ADRs also reflects the company's strong leverage to the still very favorable outlook for deepwater oilfield activities

...

DrStockPick.com Stock Report! 8/11/09, L, ES, BCH, S, OMX, DBD

Dr. Stock Pick (August 11th, 2009) Writes:

DrStockPick.com Stock Report!

Tuesday August 11, 2009

signup3m

**************************************************************

Loews Corporation (NYSE: L) announced today the declaration of the Company’s quarterly dividend of $0.0625 per share of Common Stock, payable September 14, 2009 to shareholders of record on September 1, 2009.

EnergySolutions, Inc. (NYSE: ES) announced today it has been awarded waste remediation contracts for the management of transuarnic waste from the U.S. Department of Energy’s Los Alamos National Laboratory (LANL). The contracts are valued at $16 million and will involve retrieval, packaging, and disposition of transuranic waste.

Banco de Chile (NYSE:BCH), a full-service financial institution and largest Chilean-Capital bank, will hold its quarterly conference call to discuss second quarter results on Wednesday, August

...

Zacks Bull and Bear of the Day Highlights: tw telecom, Loews Corporation, Comcast Corp., Verizon Communications and AT&T – Press Releases

Zacks Market Commentaries (August 11th, 2009) Writes:

For Immediate Release

Chicago, IL – August 11, 2009 – Zacks Equity Research highlights tw telecom (TWTC) as the Bull of the Day and Loews Corporation (L) the Bear of the Day. In addition, Zacks Equity Research provides analysis on Comcast Corp. (CMCSA), Verizon Communications (VZ) and AT&T (T).

Full analysis of all these stocks is available at http://at.zacks.com/?id=2676

Here is a synopsis of all five stocks:

Bull of the Day:

We maintain our Buy rating and the same valuation target for tw telecom (TWTC), a leading provider of managed voice & data networking solutions. TWTC continues to generate sustaining revenue from large business enterprises primarily through sales of Ethernet and IP-VPN services.

This has reduced the company's dependence on telecom carrier customers. Although the balance sheet remains considerably leveraged, we do not expect any immediate liquidity crisis since no significant

...

Loews with Limited Upside

Zacks Market Commentaries (August 26th, 2008) Writes:

Loews Corporation’s (L) net income from continuing operations was $1.00 per share, compared to $0.78 per share in the year ago quarter.

Decline in CNA results was more than offset by good results at its energy and drilling subsidiaries, HighMount Exploration and Production and Diamond Offshore Drilling Inc. (DO). Lorillard spin-off was also completed in 2Q08 resulting in a solid increase in net income to nearly $5.0 billion. This spin-off eliminates the overhang of the tobacco litigation on the company and increases its focus on expanding hydrocarbon interests.

To reflect 2Q08 results and events, we have adjusted our estimated earnings per share for 2008 and 2009 to $4.05 per share and $5.15 per share, respectively, from $4.80 per share and $5.25 per share previously. At the current price level, the shares of Loews trade at 1.09x its 2Q08 book value of $38.47 per share. The shares have been fairly

...

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