LB - L Brands stock gains after strong profit guidance

L Brands (LB) guides for Q4 EPS of $0.35 and $0.45, which it says represents substantial growth compared to last year when stores were closed for the majority of the quarter. Due to the continued uncertainty in the environment, as well as the impending separation of the Bath & Body Works and Victoria’s Secret businesses, targeted to occur in August 2021, the company is not providing full-year earnings guidance. The EPS guidance range is well above the consensus mark of $0.07. Shares of L Brands are 1.75% higher in AH trading to $52.55. Analysts have been leaning more bullish on L Brands over the last few months.

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L Brands stock gains after strong profit guidance