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L Brands Earnings Beat Expectations

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On Thursday, L Brands spiked more than 15% in early morning trading. The company reported net income of $40.3 million, almost triple that of the $14.6 million expected. The increase came after the company posted first-quarter results that topped Wall Street expectations. The strong results surprised analysts. The company's biggest segment is the struggling Victoria's Secret brand. Victoria's Secret's overall sales were down 3% year-on-year for the quarter.

Added on the 23/05/2019 10:54:03 - Copyright : Wochit

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