L Brands (NYSE:LB) reports 1Q17; Beats Street View; Raises Full Year View

L Brands (NYSE:LB) reports 1Q17; Beats Street View; Raises Full Year View

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L Brands Inc. (NYSE:LB) headquartered in Columbus, Ohio, announced net income for the first quarter of $ 94.05 million or $ 0.33 per share, compared to income $ 152.31 million or $ 0.52 per share for the year-ago quarter.

Analysts from Thomson Reuters expected income of $ 0.29 per share.

Top line figures for the first quarter decreased 7% to $ 2.44 billion from $ 2.61 billion in the same quarter last year, where as analysts anticipated $ 2.44 billion.

For the full year 2017,The company raising its 2017 earniangs to range of $3.10 to $3.40 per share from range of $3.05 to $3.35 per share.

For the second quarter, LB expects, earnings between $0.40 and $0.45 per share.