Loews adjusted earnings per share rise to $1.00 in quarter

[MoneyGuy]

NEW YORK (MarketWatch) -- Loews Corp. said Monday that income from continuing operations for the 2008 second quarter was $511 million, or $1.00 a share, compared to $422 million, 78 cents a share, in the 2007second quarter. In June of 2008, the company disposed of its entire ownership interest in Lorillard, Inc. through the redemption of Carolina Group stock in exchange for Lorillard common stock and an exchange ofremaining Lorillard common stock for Loews common stock. Revenue in the second quarter were $3.9 billion, compared to $3.5 billion a year ago. On average, analysts polled by FactSet Research estimated earnings per share of $1.22.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

http://feeds.marketwatch.com/~a/marketwatch/marketpulse?i=I0ic6G (http://feeds.marketwatch.com/~a/marketwatch/marketpulse?a=I0ic6G)

http://feeds.marketwatch.com/~f/marketwatch/marketpulse?i=d7t9iJ (http://feeds.marketwatch.com/~f/marketwatch/marketpulse?a=d7t9iJ) http://feeds.marketwatch.com/~f/marketwatch/marketpulse?i=iPpUUj (http://feeds.marketwatch.com/~f/marketwatch/marketpulse?a=iPpUUj) http://feeds.marketwatch.com/~f/marketwatch/marketpulse?i=BAJxyj (http://feeds.marketwatch.com/~f/marketwatch/marketpulse?a=BAJxyj) http://feeds.marketwatch.com/~f/marketwatch/marketpulse?i=bbuVCJ (http://feeds.marketwatch.com/~f/marketwatch/marketpulse?a=bbuVCJ)
http://feeds.marketwatch.com/~r/marketwatch/marketpulse/~4/348369685

More... (http://feeds.marketwatch.com/~r/marketwatch/marketpulse/~3/348369685/story.aspx)

[Guru]

Must be a recession of people buying Beech-Nut.