L Brands Jumps 10% After Q3 Sales Top Estimates; Sees Q3 EPS at Top End of Guidance; Oct Same-Store Sales Rise 2%
5:32PM ET on Wednesday Nov 01, 2017 by MT Newswires
05:32 PM EDT, 11/01/2017 (MT Newswires) -- L Brands (LB) soars 10% after the company said same-store increased 2% in October and Q3 net sales were $2.62 billion, up 1% from the year-ago period and topped the CapIQ mean for $2.57 billion. Comparable sales decreased 1% in Q3. It said it expects Q3 EPS at the high end of its previous guidance of $0.25 to $0.30, and reiterated its previous full-year 2017 earnings guidance of $3.00 to $3.20. Forecasts were for Q3 EPS of $0.29 normalized and $0.28 GAAP and FY EPS of $3.11 normalized and $3.10 GAAP. Price: 47.98, Change: +4.37, Percent Change: +10.02