Loews Sees Profit Decrease and Misses Estimates

Loews (NYSE: L) announced its results for the second quarter on August 1, 2011. Let's take a closer look at the company's industry, financials, and commentary and see what steps you can take next.

Earnings and Revenue:
Loews announced EPS of 62 cents/share versus the 75 cents/share estimate, a 28.7% increase from the year-ago quarter.

This marks the second quarter in a row that the company has seen net income fall. In the previous quarter, net income fell 9% from the year-ago quarter. Loews bounced back this quarter with a year over year revenue increase after four consecutive quarters of revenue declines.

Income:
For the year, Loews reported net income of $2.73/share. The company trumped analyst projections of $2.51 by 8.8%. According to the reported number, the company's income fell 31.1% from last year's levels.

Conference Call:
The conference call for second quarter earnings can be accessed here.

Industry:
Loews' industry, insurance-multiline, is currently reporting price/earnings growth of 0.1%. The company's EPS lags behind the industry average by 96.4%.

What to Do Next:
Now you can make a better-informed decision about whether to buy, sell or hold Loews shares until the next earnings announcement. Whatever you do, be sure to check back in with us before the company's next earnings release for a full prep sheet, just like the one we did here.

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