UPDATE: Loews Q3 Profit Rises 59%

Loews L reported a 59% rise in its third-quarter earnings. Loews posted a quarterly profit of $282 million, or $0.73 per share, versus a year-ago profit of $177 million, or $0.45 per share. Excluding special items, it earned $324 million. Its revenue declined 0.3% to $3.7 billion, while revenue from insurance premiums increased 2.5% to $1.83 billion. Loews shares closed at $48.81 on Friday.