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.
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.
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.
Mutual Funds to Watch
|VMCIX||Vanguard Mid Cap Index||1.45%|
|VTSMX||Vanguard Total Stock Market Index||1.38%|
The Bottom Line
Sign up for Advisor Access
Receive email updates about best performers, news, CE accredited webcasts and more.