U.S. markets closed
  • S&P 500

    3,298.46
    +51.87 (+1.60%)
     
  • Dow 30

    27,173.96
    +358.56 (+1.34%)
     
  • Nasdaq

    10,913.56
    +241.26 (+2.26%)
     
  • Russell 2000

    1,474.91
    +23.09 (+1.59%)
     
  • Crude Oil

    40.04
    -0.27 (-0.67%)
     
  • Gold

    1,864.30
    -12.60 (-0.67%)
     
  • Silver

    22.99
    -0.21 (-0.91%)
     
  • EUR/USD

    1.1637
    -0.0038 (-0.33%)
     
  • 10-Yr Bond

    0.6590
    -0.0070 (-1.05%)
     
  • GBP/USD

    1.2744
    -0.0008 (-0.06%)
     
  • USD/JPY

    105.5000
    +0.0980 (+0.09%)
     
  • BTC-USD

    10,799.95
    +64.60 (+0.60%)
     
  • CMC Crypto 200

    230.19
    +12.36 (+5.67%)
     
  • FTSE 100

    5,842.67
    +19.89 (+0.34%)
     
  • Nikkei 225

    23,204.62
    +116.82 (+0.51%)
     

L Brands: Fiscal 2Q Earnings Snapshot

COLUMBUS, Ohio (AP) _ L Brands Inc. (LB) on Wednesday reported a fiscal second-quarter loss of $49.6 million, after reporting a profit in the same period a year earlier.

The Columbus, Ohio-based company said it had a loss of 18 cents per share. Earnings, adjusted for non-recurring costs, were 25 cents per share.

The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for a loss of 34 cents per share.

The owner of Victoria's Secret, Bath & Body Works and other chain stores posted revenue of $2.32 billion in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $2.27 billion.

L Brands shares have increased 57% since the beginning of the year, while the Standard & Poor's 500 index has risen 4.5%. In the final minutes of trading on Wednesday, shares hit $28.47, a rise of 41% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LB at https://www.zacks.com/ap/LB