L Brands -7% after guidance update, dividend cut

Nov. 19, 2018 4:45 PM ETBath & Body Works, Inc. (BBWI)BBWIBy: Clark Schultz, SA News Editor48 Comments
  • L Brands (NYSE:LB) says it expects Q4 EPS of $1.90 to $2.10 vs. $1.99 consensus and full-year EPS $2.60 to $2.80 from $2.45 to $2.70 prior.
  • The company also expects to reduce its annual dividend to $1.20 from $2.40 currently, beginning with the quarterly dividend to be paid in March of 2019.
  • LB -6.55% AH.
  • Previously: L Brands beats by $0.03, beats on revenue (Nov. 19)

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