Loews (L) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter rose from the preceding quarter and marked a substantial increase compared to the same period last year. The growth reflects sustained upward momentum in the company's top line.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter rose from the preceding quarter and marked a substantial increase compared to the same period last year. The growth reflects sustained upward momentum in the company's top line.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$710M
Revenue reported for this quarter.
Quarter-over-quarter
+1.4%
Change from the immediately preceding quarter.
Year-over-year
+24.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.5B
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, 2023 | $552M | +9.3% |
| Sep 30, 2023 | $537M | +7.4% |
| Dec 31, 2023 | $700M | +23.5% |
| Mar 31, 2024 | $710M | +24.3% |
Revenue performance
The quarter's revenue continued an upward trend, with a moderate sequential gain and a strong year-over-year improvement.
Quarterly comparison
Compared to the immediately preceding quarter, revenue edged higher. Relative to the same quarter one year earlier, revenue was considerably higher.
What to watch
Monitor whether revenue can sustain its recent growth trajectory in coming quarters.