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How Will Loews (L) Stock React to Q2 Results?

NEW YORK (TheStreet) -- Loews (L) reported a surprise loss for the 2016 second quarter.

Before the market open, the New York City-based conglomerate reported a loss of 19 cents per share, while analysts were looking for earnings of 57 cents per share.

Revenue fell 3.7% to $3.31 billion in the most recent period, with revenue from insurance premiums down 0.3% to $1.73 billion.

Loews was negatively impacted by a $49 million impairment charge related to its publicly-traded subsidiary CNA Financial...


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