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Shares of L Brands (NYSE:LB) fell 5.68% in after-market trading after the company reported Q3 results.
Quarterly Results
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Earnings per share rose 5550.00% over the past year to $1.13, which beat the estimate of $0.09.
Revenue of $3,055,000,000 rose by 14.12% from the same period last year, which beat the estimate of $2,670,000,000.
Looking Ahead
L Brands hasn't issued any earnings guidance for the time being.
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Revenue guidance hasn't been issued by the company for now.
Price Action
Company's 52-week high was at $35.60
Company's 52-week low was at $8.00
Price action over last quarter: Up 14.81%
Company Profile
L Brands is a women's intimate, personal-care, and beauty retailer operating under the Victoria's Secret, Pink, and Bath & Body Works brands. The company generates the majority of its business in North America, with about 5% of sales coming from international markets in fiscal 2019. Distribution channels include more than 2,700 stores and online, which represented about 20% of total sales in 2019. The company still plans to break Bath & Body Works into a stand-alone business, but the timing and process of such a transaction has yet to be offered.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.