NEW YORK (TheStreet) -- L Brands
(LB) was gaining 1.4% to $63.89 after-hours Wednesday after beating analysts' estimates for earnings and revenue in the second quarter.
For the second quarter the company reported earnings of 63 cents a share, beating the Capital IQ Consensus Estimate of 62 cents a share by 1 cent. Revenue grew 6.3% from the year-ago quarter to $2.68 billion. Analysts expected revenue of $2.65 billion for the quarter.
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TheStreet Ratings team rates L BRANDS INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate L BRANDS INC (LB) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share and increase in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall."
You can view the full analysis from the report here: LB Ratings Report
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