Friday, May 20, 2016

L Brands Inc. (LB) Sank To A New Low On Disappointing Guidance

L Brands Inc. (LB) reported first quarter EPS of $0.59 after the bell Wednesday, down from $0.61 in the previous year. Analysts expected EPS of $0.55. The company expects to report second quarter EPS of $0.50 and $0.60, while full year EPS is expected to be between $3.60 and $3.80. The consensus estimates are for EPS of $0.68 and $4.04.

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