Loews (L) Revenue — Quarter Ended Mar 31, 2023
Revenue grew year over year and also improved compared to the immediately preceding quarter. The trend reflects steady expansion over recent periods.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue grew year over year and also improved compared to the immediately preceding quarter. The trend reflects steady expansion over recent periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$571M
Revenue reported for this quarter.
Quarter-over-quarter
+0.7%
Change from the immediately preceding quarter.
Year-over-year
+10.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $505M | +27.5% |
| Sep 30, 2022 | $500M | +17.6% |
| Dec 31, 2022 | $567M | +16.4% |
| Mar 31, 2023 | $571M | +10.7% |
Revenue performance
The reported revenue increased, driven by positive momentum across the business.
Quarterly comparison
Compared with the prior quarter, revenue was modestly higher. On a year-over-year basis, revenue posted a substantial increase.
What to watch
Monitor whether the revenue growth rate can be sustained in the coming quarters.