Lowes Reports Worse-Than-Expected Q4 Print

Loews Corporation (NYSE: L) reported its fourth quarter results early Monday morning. The company said that it earned $0.72 per share in the quarter on revenue of $3.33 billion.Wall Street analysts were expecting the commercial property and casualty insurance company to earn $0.78 per share on revenue of $3.52 billion.Loews stock showed no early morning trades following its earnings results.Net loss for the quarter totaled $201 million, compared to a net income of $208 million in the same quarter a year ago. The company noted its quarterly earnings included a reserve charge of $177 million (after taxes) related to the long term case business at CNA Financial Corporation.Diamond Offshore Drilling, Inc. recorded asset impairment charges of $182 million and $341 million (after tax and noncontrolling interests) for the three months and year ended December 31, 2015, compared to $55 million a year ago.Book value per share rose to $52.72 as of December 31, 2015 from $50.95 at December 31, 2014.