New York based Loews Corporation (L) is a diversified holding company operating through its subsidiaries.

Loews aims to strengthen its hotel business, its smallest unit, with the addition of more hotels to its portfolio to take the count to over 30 and triple its net income by 2015.

Though offshore drilling market faces challenges from soft day rates and very few long-term contracts, Diamond Offshore continues to improve its fleet.

CNA Specialty as well as Commercial continues to experience rate increase as well as solid retentions thereby aiding solid performances at CNA Financial.

Currently, Loews has a Zacks Rank #4 (Sell), but that could definitely change following its earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:

How was the Bottom Line?

Loews misses on earnings. Our consensus called for EPS of 75 cents per share, and the company reported adjusted EPS of 72 cents per share.

Key Stats to Note

• Total revenue of $3.5 billion declined 5.7% year over year.
• Total expenses increased 6.3% year over year to $3.4billion.
• Book value as of Mar 31, 2015 was $51.18 per share, up about 3.5% from $49.43 as of Mar 31, 2014.
• Capital deployment via share repurchases totaled $71 million in the quarter. It also bought $24 million of Diamond Offshore's common stock.