Loews (L) Revenue — Quarter Ended Sep 30, 2024
Revenue for the quarter declined compared to the immediately preceding period, but was significantly higher than the same quarter last year. The trailing twelve-month revenue continued to reflect strong year-over-year growth.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the quarter declined compared to the immediately preceding period, but was significantly higher than the same quarter last year. The trailing twelve-month revenue continued to reflect strong year-over-year growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$683M
Revenue reported for this quarter.
Quarter-over-quarter
-3.9%
Change from the immediately preceding quarter.
Year-over-year
+27.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.8B
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 |
|---|---|---|
| Dec 31, 2023 | $700M | +23.5% |
| Mar 31, 2024 | $710M | +24.3% |
| Jun 30, 2024 | $711M | +28.8% |
| Sep 30, 2024 | $683M | +27.2% |
Revenue performance
The reported revenue declined compared to the prior quarter, indicating a sequential slowdown. However, on a year-over-year basis, revenue increased substantially.
Quarterly comparison
When compared to the immediately preceding quarter, revenue contracted. In contrast, revenue rose compared to the same quarter one year earlier, continuing the positive annual trend.
What to watch
The filing includes discussion of risk factors and management’s analysis of financial condition, which may provide context for future revenue trends.