Bath & Body Works Shares Up As Q4 Sales Rise, Sees Earnings Better Than Estimates

Shares of specialty retail company Bath & Body Works, Inc. (BBWI) are up 4 percent on Wednesday's trading after the company posted fourth-quarter net sales of $3.03 billion, up 11 percent from $2.72 billion last year. The company also expects quarterly earnings, better than the Street estimates.

The company expects to report fourth quarter earnings per share from continuing operations of $2.25, up from $1.96 per share the same quarter last year. Adjusted earnings per share from continuing operations is expected to be $2.28, up 16 percent from a year ago.

On average, 12 analysts polled by Thomson Reuters expect the company to post earnings of $2.02 per share for the quarter.

Currently at $58.24, the stock has traded between $34.95 and $82.00 during the past 52 weeks.

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