L Brands (LB) Tops Q1 EPS by 4c; Cuts FY16 EPS Outlook, Guides Q2 EPS Below Views
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/25/2026
- Wall St ends mixed as tech megacap declines outweigh upbeat chip outlook
- Micron posts record profit as AI memory demand fuels explosive growth
- Brent settles at lowest since before start of Iran war as more tankers exit Hormuz
- IBM surges on unveiling sub-1nm chip technology breakthrough
- 'Long-term deals significant positive for stock:' Analysts react to Micron results
- Two major earthquakes strike Venezuela, killing at least 32 and injuring hundreds
- Needham Starts NeoVolta (NEOV) at Buy
- Rockstar Games opens GTA VI pre-orders, priced at $79.99
- Rubio meets Gulf leaders, pledges security amid Iran deal doubts
- Hertz cuts guidance, announces notes and stock offerings, shares sink
L Brands Reports First Quarter Earnings
May 18, 2016 4:30 PM EDTCOLUMBUS, Ohio, May 18, 2016 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today reported first quarter earnings results.
Adjusted earnings per share for the first quarter ended April 30, 2016 were $0.59 compared to $0.61 for the quarter ended May 2, 2015. First quarter adjusted operating income decreased 4 percent to $357.9 million compared to $371.8 million last year, and adjusted net income was $173.7 million compared to $181.5 million last year. Adjusted results exclude certain significant items as detailed below:
In 2016: Pre-tax charges of $34.5 million ($0.07 per share) related to previously announced actions at Victorias Secret, including severance... More