By  on May 23, 2018

L Brands Inc. on Wednesday posted first-quarter results that missed Wall Street’s consensus estimates by 1 cent.

L Brands said net income fell 49.5 percent to $47.5 million, or 17 cents a diluted share, from $94.1 million, or 33 cents, a year ago. Net sales rose 7.8 percent to $2.63 billion from $2.44 billion. Wall Street was expecting diluted earnings per share of 18 cents.

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