Investing.com - L Brands (NYSE:LB) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
L Brands announced earnings per share of $1.25 on revenue of $3.02B. Analysts polled by Investing.com anticipated EPS of $1.15 on revenue of $2.84B.
L Brands shares are up 81.1% from the beginning of the year, still down 6.33% from its 52 week high of $71.90 set on May 18. They are outperforming the S&P 500 which is up 9.6% from the start of the year.
L Brands follows other major Services sector earnings this month
L Brands's report follows an earnings beat by Amazon.com on April 29, who reported EPS of $15.79 on revenue of $108.52B, compared to forecasts EPS of $9.54 on revenue of $104.51B.
Alibaba ADR had missed expectations on May 13 with fourth quarter EPS of $10.32 on revenue of $187.4B, compared to forecast for EPS of $11.16 on revenue of $187.37B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar