Loews, CNA Financial Q4 profit tops Wall Street view (Reuters)
BANGALORE (Reuters) – Hotels, energy and financial services corp Loews Corp (L.N) reportable a better-than-expected 16 proportionality process in quarterly profit, helped by higher gain assets income from its restricted partnerships.
Net income for the ordinal lodge was $466 million, or $1.12 per share, compared with gain income of $403 million, or $0.94 per share, in the aforementioned lodge last year.
The consort attained $1.17 a share, excluding items, compared with analysts' expectations of 88 cents a share, according to Thomson Reuters I/B/E/S.
Net assets income chromatic 20 proportionality to $711 million.
Loews' largest holding, advertizement insurer CNA Financial (CNA.N), also reportable better-than-expected results, helped by brawny assets income from its concept and accident operations.
The consort resumed its quarterly dividend and said it will pay 10 cents as quarterly dividend on March 2, to shareholders of achievement on February 16.
CNA Financial's gain operative income was $326 million, or $1.21 a share, compared with $197 million, or 73 cents a share, in the year-ago period.
According to analysts polled by Thomson Reuters I/B/E/S, the consort attained $1.06 versus Wall Street view of 69 cents a share. (Reporting by Sweta Singh in Bangalore; Editing by Maju Samuel)
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