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

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

Limited brands logo
After the closing bell on Wednesday, L Brands (LB) released its third quarter results, which came in higher than the year prior and beat analysts’ estimates. Below, we give an overview of the company’s earnings and discuss what mutual fund investors should know about the results.

Inside LB’s Q3 Results

Earnings

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.

Mutual Funds to Watch

For investors considering a mutual fund investment with exposure to L Brands, the funds below may be considered. These funds currently hold the largest stake in the retailer. Investing in a mutual fund is a great way to gain exposure to the company while remaining diversified.

The Bottom Line

The three mutual funds mentioned above give investors a broad range of big-name stocks like L Brands. These funds offer exposure to a number of different industries. While there are a number of holdings in these funds, big events such as earnings reports are very important for investors to be aware of. Investors interested in L Brands may also be interested in stocks like Ann Inc (ANN), Coach (COH) and Chico’s (CHS).

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Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

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Limited brands logo

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

After the closing bell on Wednesday, L Brands (LB) released its third quarter results, which came in higher than the year prior and beat analysts’ estimates. Below, we give an overview of the company’s earnings and discuss what mutual fund investors should know about the results.

Inside LB’s Q3 Results

Earnings

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.

Mutual Funds to Watch

For investors considering a mutual fund investment with exposure to L Brands, the funds below may be considered. These funds currently hold the largest stake in the retailer. Investing in a mutual fund is a great way to gain exposure to the company while remaining diversified.

The Bottom Line

The three mutual funds mentioned above give investors a broad range of big-name stocks like L Brands. These funds offer exposure to a number of different industries. While there are a number of holdings in these funds, big events such as earnings reports are very important for investors to be aware of. Investors interested in L Brands may also be interested in stocks like Ann Inc (ANN), Coach (COH) and Chico’s (CHS).

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.


Read Next