Market Overview

L Brands Reports Q2 Earnings Beat

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L Brands Inc (NYSE: LB reported a second-quarter earnings beat after Wednesday's bell.

Adjusted earnings came in at 24 cents per share, beating estimates by 5 cents. Sales came in at $2.9 billion, beating estimates by $50 million.

The company issued a third-quarter earnings guidance range between a loss of 5 and a gain of 5 cents compared to the 8-cent estimate and reaffirmed 2019 earnings guidance of $2.30-$2.60.

L Brands shares traded higher by 1% to $20.51 in the after-hours session. The stock closed the regular session higher by 2.2% at $20.33.

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