Wedbush Raises Price Target on L Brands (LB) Following 2Q15 Earnings
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Go back to Wedbush Raises Price Target on L Brands (LB) Following 2Q15 Earnings
August 19, 2015 6:01 PM EDT
In the news release, L Brands Reports Second Quarter 2015 Earnings, issued 19-Aug-2015 by L Brands, Inc. over PR Newswire, we are advised by the company that the fifth paragraph, "Earnings Call Information," now contains the correct phone numbers and includes conference ID numbers. The complete, corrected release follows:
L Brands Reports Second Quarter 2015 Earnings
- PROVIDES THIRD QUARTER AND RAISES FULL-YEAR 2015 EARNINGS GUIDANCE -
COLUMBUS, Ohio, Aug. 19, 2015 /PRNewswire/ -- L Brands, Inc. (NYSE: LB) today reported 2015 second quarter results.
Second Quarter Results Earnings per share for the second quarter... More
August 19, 2015 4:30 PM EDT
COLUMBUS, Ohio, Aug. 19, 2015 /PRNewswire/ -- L Brands, Inc. (NYSE: LB) today reported 2015 second quarter results.
Second Quarter Results Earnings per share for the second quarter ended Aug. 1, 2015, increased 8 percent to $0.68 compared to $0.63 for the quarter ended Aug. 2, 2014. Second quarter earnings per share include a $0.02 negative foreign exchange impact. Second quarter operating income increased 7 percent to $402.9 million compared to $375.9 million last year, and net income was $202.5 million compared to $188.4 million last year.Â
The company reported net sales of $2.765 billion for the second quarter ended Aug. 1, 2015, an increase of 3 percent... More
