Plus   Neg

L Brands Inc. Reveals Decline In Q1 Bottom Line

L Brands Inc. (LB) reported earnings for first quarter that dropped from last year.

The company's profit came in at $40.26 million, or $0.14 per share. This compares with $47.52 million, or $0.17 per share, in last year's first quarter.

Analysts had expected the company to earn $0.00 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Revenue held steady at $2.63 billion

L Brands Inc. earnings at a glance:

-Earnings (Q1): $40.26 Mln. vs. $47.52 Mln. last year.
-EPS (Q1): $0.14 vs. $0.17 last year.
-Analysts Estimate: $0.00
-Revenue (Q1): $2.63 Bln vs. $2.63 Bln last year.

Next quarter EPS guidance: $0.15 and $0.20
Full year EPS guidance: $2.30 to $2.60

For comments and feedback contact: editorial@rttnews.com

Follow RTT