Why L Brands (LB) Stock Is Up After-Hours Today

NEW YORK (TheStreet) -- L Brands (LB) was gaining 0.3% to $56.01 Wednesday after beating analysts' estimates for earnings in the first quarter.

For the first quarter L Brands reported earnings of 53 cents a share, beating the Capital IQ Consensus Estimate of 52 cents a share by 1 cent. Revenue grew 5.3% year-over-year to $2.39 billion. Analysts expected revenue of $2.38 billion for the quarter.

Looking forward to full-year 2014 L Brands narrowed its EPS guidance to between $3.00 and $3.14 a share from $3.00 to $3.20. Analysts expect earnings of $3.23 for the year.

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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 impressive record of earnings per share growth, compelling growth in net income and increase in stock price during the past year. However, as a counter to these strengths, we find that the company's revenue growth has not been good."

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