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Victoria’s Secret parent L Brands tumbles on lowered guidance (LB)

victorias secret Victoria’s Secret media relations

L Brands is falling more than 6% in post-market trading Wednesday after releasing first-quarter results. 
The owner of Victoria’s Secret, PINK, and Bath & Body Works beat on both the top and bottom lines.
However, it lowered its full-year 2018 earnings guidance. 
Watch L Brands trade in real-time here.

L Brands, owner of Victoria’s Secret, PINK, and Bath & Body Works, is falling more than 6% in post-market trading Wednesday after lowering its full-year guidance. 

L Brands reported earnings of $0.17 per share, beating the $0.15 per share estimate from analysts surveyed by Bloomberg. Earnings-per-share decreased significantly, down 48% from a year ago. Meanwhile, revenue came in at $2.63 billion compared to the $2.6 billion analysts expected.See the rest of the story at Business Insider

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