Loews (L) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter rose sharply compared to the same period last year. However, it was virtually unchanged from the immediately preceding quarter.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter rose sharply compared to the same period last year. However, it was virtually unchanged from the immediately preceding quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$711M
Revenue reported for this quarter.
Quarter-over-quarter
+0.1%
Change from the immediately preceding quarter.
Year-over-year
+28.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.7B
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, 2023 | $537M | +7.4% |
| Dec 31, 2023 | $700M | +23.5% |
| Mar 31, 2024 | $710M | +24.3% |
| Jun 30, 2024 | $711M | +28.8% |
Revenue performance
The reported revenue shows a substantial year-over-year increase, but a negligible sequential change.
Quarterly comparison
Compared to the prior quarter, revenue was essentially flat. Against the same quarter one year earlier, revenue posted a strong gain.
What to watch
The near-flat sequential performance could be a point to monitor in upcoming quarters.