L Brands (LB) Tops Q4 EPS by 13c; Guides Lower
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L Brands Reports Fourth Quarter And Full-Year 2016 Earnings
February 22, 2017 4:30 PM ESTCOLUMBUS, Ohio, Feb. 22, 2017 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today reported 2016 fourth quarter and full-year results.
Fourth Quarter ResultsEarnings per share for the fourth quarter ended Jan. 28, 2017, were $2.18 compared to $2.15 for the quarter ended Jan. 30, 2016. Fourth quarter operating income decreased 8 percent to $987.6 million compared to $1.078 billion last year, and net income was $631.7 million compared to $636.0 million last year.
Reported results above include a favorable tax settlement of $41.7 million, or $0.14 per share. ... More
