Loews (L) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter declined from the immediate prior quarter but increased compared with the same quarter a year earlier. The sequential decrease marks a shift from the prior quarter's growth.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter declined from the immediate prior quarter but increased compared with the same quarter a year earlier. The sequential decrease marks a shift from the prior quarter's growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$552M
Revenue reported for this quarter.
Quarter-over-quarter
-3.3%
Change from the immediately preceding quarter.
Year-over-year
+9.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.2B
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 |
|---|---|---|
| Sep 30, 2022 | $500M | +17.6% |
| Dec 31, 2022 | $567M | +16.4% |
| Mar 31, 2023 | $571M | +10.7% |
| Jun 30, 2023 | $552M | +9.3% |
Revenue performance
The quarterly revenue contracted from the previous quarter, reversing the upward trend seen in recent periods. Year-over-year growth remained positive.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was lower. Relative to the same quarter one year earlier, revenue was higher.
What to watch
The quarterly revenue dip may signal a change in momentum; further quarters could confirm or reverse this pattern.