Investing.com - L Brands (NYSE:LB) reported third quarter earnings that matched analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.02 on revenue of $2.68B. Analysts polled by Investing.com expected EPS of $0.02 on revenue of $2.69B. That compared to EPS of $0.16 on revenue of $2.77B in the same period a year earlier. The company had reported EPS of $0.24 on revenue of $2.9B in the previous quarter.
For the year, L Brands shares are down 38.1%, under-performing the S&P 500 which is up 25.49% year to date.
L Brands follows other major Services sector earnings this month
On Thursday, October 24, 2019, Amazon.com reported third quarter EPS of $4.23 on revenue of $69.98B, compared to forecasts of EPS of $4.61 on revenue of $68.83B.
Alibaba ADR earnings beat analyst's expectations on Friday, November 1, 2019, with second quarter EPS of $13.1 on revenue of $119.02B. Investing.com analysts expected EPS of $10.75 on revenue of $116.96B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar