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L Brands Q3 earnings down 24 percent, lowers Q4 outlook

By Prachi Singh

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L Brands earnings per share for the third quarter ended October 29, 2016, decreased 24 percent to 0.42 dollars compared to 0.55 dollars for the same quarter ended October 31, 2015. L Brands expects 2016 fourth quarter earnings per share to be in the range of 1.85 dollars to 2 dollars compared to 2.15 dollars last year.

Operating income for the quarter decreased 16 percent to 283.6 million dollars compared to 338.8 million dollars last year, and net income was 121.6 million dollars compared to 164 million dollars last year.

The company reported net sales of 2.581 billion dollars for the quarter, an increase of 4 percent compared to net sales of 2.482 billion dollars for the same quarter last year. Comparable sales increased 2 percent.

L BRANDS