Baird Downgrades L Brands (LB) to Neutral
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/16/2026
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- Oil rises after US threatens indefinite blockade of Iran; set for weekly gains
- Are KOSPI and SOX in a bubble? Citi answers
- Could Intel return to the red-hot memory market after $20B raise and recent hire?
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- BOJ eyeing September rate hike, faster pace of tightening, sources say
- SanDisk upgraded at JPMorgan after investor day; shares climb
- Micron: New Street upgrades to buy, says memory is no longer a cyclical story
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