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News

What L Brands' Earnings Mean for Mutual Fund Investors (LB)

Shauna O'Brien Nov 20, 2014



Inside LB’s Q3 Results


The apparel retailer posted earnings of $131.81 million, or 44 cents per share, up from $91.98 million, or 31 cents per share, last year. On average, analysts expected the company to post earnings of 40 cents per share.

Revenue
The company reported revenue of $2.32 billion, which is up from $2.17 billion a year ago. Analysts expected to see revenue of $2.31 billion.

Outlook
Looking forward to the fourth quarter, LB expects to see earnings between $1.61 and $1.71 per share, which is below analysts’ view of $1.77. The company’s share price was lower in pre-market trading on the weak outlook.


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