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· Lorillard
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Jump to full article: AFX News, 2008-04-28
Intro: Loews Corp. Monday reported first-quarter income from continuing operations of $474 million, or 90 cents a share, compared with $645 million, or $1.19 a share, in the year-earlier quarter.
Revenue for the three-month period ended March 31 slipped to $4.54 billion from $4.61 billion a year ago.
Carolina Group, a subsidiary and tracking stock of Loews Corp., posted first-quarter net income of $171 million, or 98 cents a share, compared with net income of $189 million, or $1.08 a share, in the first quarter of 2007.
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