Loews Corporation (L ) reported fourth quarter results before the opening bell on Monday morning, posting lower earnings and revenues compared to last year.
L's Earnings in Brief
- Loews reported fourth quarter revenues of $3.52 billion, down from last year’s $3.78 billion.
- Income from continuing operations came in at $215 million, or 57 cents per share, down from last year’s $248 million, or 64 cents per share.
- Loews’ Q4 results missed analysts’ estimates of 58 cents EPS on revenues of $3.78 billion.
L's Dividend
Lowes made no mention of changing its quarterly dividend in its Q4 earnings release. The company currently pays a 6 cent dividend, and has not raised it since 2007. We expect the company to declare its next quarterly dividend in the coming weeks.
Stock Performance
Loews stock was up $1.09, or 2.87%, in pre-market trading. YTD, the stock is down 2.4%.
The Bottom Line
Loews (L ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
