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.

To continue reading this article...

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus