Investing.com - L Brands (NYSE:LB) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
L Brands announced earnings per share of $0.25 on revenue of $2.32B. Analysts polled by Investing.com anticipated EPS of $-0.39 on revenue of $2.18B.
L Brands shares are up 57.06% from the beginning of the year and are trading at $30.00 , down-from-52-week-high.They are outperforming the S&P 500 which is up 4.51% from the start of the year.
L Brands shares gained 5.41% in after-hours trade after the report.
L Brands follows other major Services sector earnings this month
L Brands's report follows an earnings beat by Amazon.com on Thursday, July 30, 2020, who reported EPS of $10.3 on revenue of $88.91B, compared to forecasts EPS of $1.48 on revenue of $81.45B.
Visa A had beat expectations on Tuesday, July 28, 2020 with third quarter EPS of $1.06 on revenue of $4.84B, compared to forecast for EPS of $1.03 on revenue of $4.82B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar