UBS Cuts Price Target on L Brands (LB) to $68 Following 1Q EPS Beat
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/22/2026
- Nasdaq hits intraday record high on Alphabet boost, Mideast negotiation hopes
- Exclusive: SB Energy Nasdaq IPO moving forward as planned
- AI and earnings keep driving markets as focus shifts to Trump-Xi summit
- Meta bull case increasingly playing out, Mizuho says
- Oil falls to two-week low as Gulf supply outlook improves
- Pennsylvania measles cases near 800 as outbreak grows
- A timeline of Trump administration moves to weaken endangered species protections
- Meta AI agent ‘Muse’ triggers massive tech rally as chips and Wall Street soar
- Nasdaq notches record-high close, AI optimism reignites and Treasury yields retreat
- SpaceX and Tesla’s AI linkup is getting deeper. Here’s what Morgan Stanley sees
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