L Brands Inc. Q1 Income Drops 4%

(RTTNews) - L Brands Inc. (LB) released earnings for first quarter that decreased compared to the same period last year.

The company said its earnings declined to $173.68 million, or $0.59 per share. This was down from $181.49 million, or $0.61 per share, in last year's first quarter.

Analysts had expected the company to earn $0.55 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.0% to $2.61 billion. This was up from $2.51 billion last year.

L Brands Inc. earnings at a glance:

-Earnings (Q1): $173.68 Mln. vs. $181.49 Mln. last year. -Earnings Decline (Y-o-Y): -4.3% -EPS (Q1): $0.59 vs. $0.61 last year. -EPS Decline (Y-o-Y): -3.3% -Analysts Estimate: $0.55 -Revenue (Q1): $2.61 Bln vs. $2.51 Bln last year. -Revenue Change (Y-o-Y): 4.0%

-Guidance: Next quarter EPS guidance: $0.50 - $0.60 Full year EPS guidance: $3.60 - $3.80