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.