Ahead Of Loews Q4 Results

(RTTNews) - Loews Corp.'s (L) fourth-quarter results are due to released before the bell on Monday, February 8. Consensus estimate calls for earnings of $0.78 per share for the quarter, according to analysts compiled by Thomson Reuters.

In the previous quarter, Loews reported lower profit, as its major segments suffered a reduction in revenue compared to the previous year.

The company operates as a commercial property and casualty insurance company primarily in the United States.

While Diamond is mostly being affected by the cyclical downturn in the offshore drilling market, with its conservative capitalization, strong liquidity position and the added bonus that all of its six generation rigs are contracted, I'm confident that the company will be able to weather this cycle and emerge well-positioned for the rebound.

Boardwalk's focus has been on developing organic growth projects backed by long-term contracts. CNA's strategy continues to be to deliver improved underwriting margins and its commercial business is the strongest it's been in years.

For the third-quarter, net income attributable declined to $182 million from $208 million last year. On a per share basis, earnings were $0.50, down from $0.55 a year ago. On average, 3 analysts polled by Thomson Reuters expected the company to earn $0.59 per share.

Total revenue for the quarter decreased to $3.169 billion from $3.523 billion in the previous year.

Revenue for CNA financial was $2.203 billion, down from $2.374 billion a year ago. Diamond Offshore recorded revenue of $608 million, compared to $737 million in the previous year. Revenue for Broadwalk pipeline was $296 million, slightly up from $279 million, while Loews hotels also reported a higher revenue of $146 million compared to $126 million a year ago.