L Brands (LB) volatility up into better than expected Q2 and outlook

L Brands (NYSE: LB) is recently up 3% in the premarket after reporting Q2 EPS of $0.70, versus the analyst estimate of $0.59. Revenue for the quarter came in at $2.89B versus the consensus estimate of $2.86B. L Brands sees FY2016 EPS of $3.70-$3.85, versus prior guidance of $3.60-$3.80. August call option implied volatility is at 69, September is at 29; compared to its 52-week range of 21 to 40.

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