Loews (L) Revenue — Quarter Ended Dec 31, 2023
Revenue for the current quarter increased compared with both the immediately preceding quarter and the same quarter one year earlier. The company also reported higher revenue for the trailing twelve months.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the current quarter increased compared with both the immediately preceding quarter and the same quarter one year earlier. The company also reported higher revenue for the trailing twelve months.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$700M
Revenue reported for this quarter.
Quarter-over-quarter
+30.4%
Change from the immediately preceding quarter.
Year-over-year
+23.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.4B
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 |
|---|---|---|
| Mar 31, 2023 | $571M | +10.7% |
| Jun 30, 2023 | $552M | +9.3% |
| Sep 30, 2023 | $537M | +7.4% |
| Dec 31, 2023 | $700M | +23.5% |
Revenue performance
The fourth quarter revenue growth was the largest sequential increase among all quarters of the fiscal year, following three consecutive quarters of year-over-year gains.
Quarterly comparison
Compared with the preceding quarter, revenue improved sharply. Versus the same quarter last year, revenue also increased at a strong pace.
What to watch
Investors may monitor how the company sustains this revenue momentum across its operating segments.