L Brands Down Over 12% After 2Q Income Slide, Lowered FY18 Profit Guidance -- Data Talk
24 August 2018 - 1:52AM
Dow Jones News
L Brands, Inc. (LB) is currently at $28.45, down $4.04 or
12.43%
-- Would be lowest close since Jan. 25, 2011, when it closed at
$28.42
-- On pace for largest percent decrease since March 1, 2018,
when it fell 13.87%
-- On Wednesday, L Brands reported its second-quarter net income
fell 29% to $99 million, or 36 cents a share, and the company cut
its FY18 profit guidance to a range of $2.45 to $2.70 a share, from
$2.70 to $3 a share. Victoria's Secret PINK CEO Denise Landman
plans to retire at the end of the year
-- Earlier Thursday, five firms cut their price target on L
Brands shares, Benzinga reported
-- Currently down three consecutive days, down 13.97% over this
period
-- Down 52.76% year-to-date
-- Would be a new 52-week closing low
-- Worst performer in the S&P 500 today
-- Second most active stock in the S&P 500 today
All data as of 10:56:56 AM
Source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
August 23, 2018 11:37 ET (15:37 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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