Investing.com - L Brands (NYSE:LB) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
L Brands announced earnings per share of $1.13 on revenue of $3.06B. Analysts polled by Investing.com anticipated EPS of $0.1 on revenue of $2.66B.
L Brands shares are up 85.49% from the beginning of the year and are trading at $33.61 , down-from-52-week-high.They are outperforming the S&P 500 which is up 10.43% 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 Thursday, October 29, 2020, who reported EPS of $12.37 on revenue of $96.15B, compared to forecasts EPS of $7.41 on revenue of $92.78B.
Alibaba ADR had beat expectations on Thursday, November 5, 2020 with second quarter EPS of $18 on revenue of $155.06B, compared to forecast for EPS of $13.82 on revenue of $154.87B.
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