L Brands Inc. Profit Drops In Q1

(RTTNews) - L Brands Inc. (LB) revealed earnings for first quarter that declined from the same period last year.

The company's bottom line totaled $47.52 million, or $0.17 per share. This compares with $94.05 million, or $0.33 per share, in last year's first quarter.

Analysts had expected the company to earn $0.18 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.8% to $2.63 billion from $2.44 billion last year.

L Brands Inc. earnings at a glance:

-Earnings (Q1): $47.52 Mln. vs. $94.05 Mln. last year. -EPS (Q1): $0.17 vs. $0.33 last year. -Analysts Estimate: $0.18 -Revenue (Q1): $2.63 Bln vs. $2.44 Bln last year.

-Guidance: Next quarter EPS guidance: $0.30 - $0.35 Full year EPS guidance: $2.70 to $3.00