Investing.com - L Brands (NYSE:LB) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
L Brands announced earnings per share of $-0.99 on revenue of $1.65B. Analysts polled by Investing.com anticipated EPS of $-0.6 on revenue of $1.82B. That with comparison to EPS of $0.14 on revenue of $2.63B in the same period a year before.L Brands had reported EPS of $1.88 on revenue of $4.71B in the previous quarter.Analysts are expecting EPS of $-0.29 and revenue of $2.25B in the upcoming quarter.
L Brands shares are down 32.51% from the beginning of the year and are trading at $12.47 , down-from-52-week-high.They are under-performing the S&P 500 which is down 8.43% year to date.
L Brands shares gained 1.96% in after-hours trade following the report.
L Brands follows other major Services sector earnings this month
L Brands's report follows an earnings missed by Amazon.com on Thursday, April 30, 2020, who reported EPS of $5.01 on revenue of $75.45B, compared to forecasts EPS of $6.16 on revenue of $73.74B.
Visa A had beat expectations on Thursday, April 30, 2020 with second quarter EPS of $1.39 on revenue of $5.85B, compared to forecast for EPS of $1.34 on revenue of $5.72B.
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