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L Brands shares fall as company sees shrinking quarterly revenue, profit

Published 08/16/2017, 04:51 PM
Updated 08/16/2017, 04:51 PM
© Reuters.  L Brands shares fall as company sees shrinking quarterly revenue, profit

Investing.com - L Brands Inc (NYSE:LB) shares slumped almost 8% during Wednesday’s after hours session after the company reported a drop in second quarter earnings, year-over-year, but the company still beat expectations.

The company earned 48 cents per share in the recent quarter, down significantly from the 70 cents per share earned during the comparable quarter. The result topped the consensus analyst forecast for earnings of 44 cents.

Revenue came in at $2.86 billion, down 4.5 year-over-year but $10 million above the consensus analyst estimate.

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