L Brands stock dips on weak profit outlook
L Brands (LB) reported a 29% dip in earnings for the second quarter due to higher costs and expenses. The top and bottom line exceeded analysts’ expectations. The Columbus-based retailer lowered its earnings outlook for the full year 2018 due to the deceleration in PINK. The stock dropped more than 7% post the earnings release … Continue reading L Brands stock dips on weak profit outlook
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