Victoria’s Secret media relations
L Brands is falling more than 6% in post-market trading Wednesday after releasing first-quarter results.
The owner of Victoria’s Secret, PINK, and Bath & Body Works beat on both the top and bottom lines.
However, it lowered its full-year 2018 earnings guidance.
Watch L Brands trade in real-time here.
L Brands, owner of Victoria’s Secret, PINK, and Bath & Body Works, is falling more than 6% in post-market trading Wednesday after lowering its full-year guidance.
L Brands reported earnings of $0.17 per share, beating the $0.15 per share estimate from analysts surveyed by Bloomberg. Earnings-per-share decreased significantly, down 48% from a year ago. Meanwhile, revenue came in at $2.63 billion compared to the $2.6 billion analysts expected.See the rest of the story at Business Insider
We compared Meghan Markle’s and Kate Middleton’s fashion choices — and the winner is clearThe Steve Jobs guide to manipulating people and getting what you wantShare your opinion — Become a BI Insider today
Read more: feedproxy.google.com