Q1 2024 Earnings Summary
Reported on May 6, 2024 (Before Market Open)
Pre-Earnings Price$77.54Open (May 6, 2024)
Post-Earnings Price$77.54Open (May 6, 2024)
Price Change
$0.00(0.00%)
- Strong Financial Performance in Q1 2024: Loews reported net income of $457 million or $2.05 per share, representing a more-than-20% year-over-year increase from $375 million or $1.61 per share in Q1 2023.
- Growth in Key Subsidiaries:
- Strategic Expansion in Loews Hotels: The company opened the 888-room Loews Arlington Hotel, which has already attracted substantial group business. Additionally, construction continues on three new hotels in Orlando with a combined 2,000 rooms, expected to open in early 2025, enhancing future growth prospects.
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