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Actionable news in LB: L BRANDS Inc,

L Brands (LB) Stock Climbs on Raised Guidance, October Sales

NEW YORK (TheStreet) -- L Brands (LB - Get Report) stock is up by 2.47% to $98.83 in early morning trading on Tuesday, after the company increased its 2015 third quarter earnings guidance and reporting preliminary sales data for October.

The parent company of brands such as Victoria's Secret and Bath and Body Works raised its earnings guidance for the quarter to a range between 51 cents per share and 53 cents per share, up from a prior range between 40 cents per share and 45 cents per share.

Last year, the company reported earnings of 44 cents per share for the 2014 third quarter.

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L Brands estimates that October comparable store sales increased by 5% year over year, down from a 9% increase in September and 6% increase in August.

The company is scheduled to report its third quarter financial results on November 18.

Separately, TheStreet Ratings team rates L BRANDS INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their...


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