UPDATE: Oppenheimer Upgrades L Brands (LB) to Outperform
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- Dollar sags after US GDP and inflation surprise, except against yen
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
L Brands Reports Second Quarter 2016 Earnings
August 17, 2016 4:15 PM EDTCOLUMBUS, Ohio, Aug. 17, 2016 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today reported 2016 second quarter results.
Second Quarter ResultsEarnings per share for the second quarter ended July 30, 2016, were $0.87 compared to $0.68 for the quarter ended Aug. 1, 2015. Second quarter operating income increased 1 percent to $408.2 million compared to $402.9 million last year, and net income was $252.4 million compared to $202.5 million last year.
The reported results above include certain significant items as detailed below:
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