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Loews Company (NYSE: L), a diversified firm with companies within the insurance coverage, vitality, hospitality, and packaging industries, on Monday reported a rise in revenues and earnings for the fourth quarter.
This autumn internet earnings elevated 26% yearly to $446 million or $1.99 per share from $355 million or $1.49 per share within the prior-year quarterTotal revenues got here in at $4.26 billion within the December quarter, in comparison with $3.79 billion a 12 months earlierThe firm repurchased 2.1 million shares of its frequent inventory for a complete price of $141 million by the tip of the quarterBook worth per share, excluding gathered different complete earnings, elevated 9% yearly to $81.92 as of December 31As of December 31, the guardian firm had $2.6 billion of money and investments and $1.8 billion of debt
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