WASHINGTON (dpa-AFX) - L Brands Inc. (LB) Wednesday reported fourth-quarter net income of $489.6 million or $1.65 per share, up from $411.4 million or $1.39 per share last year.
On average, 32 analysts polled by Thomson Reuters expected earnings of $1.61 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the quarter declined to $3.82 billion from $3.86 billion last year. Analysts estimated revenues of $3.89 billion for the quarter.
Looking forward, the company currently expects 2014 full-year earnings of $3.00 and $3.20 per share, including earnings between $0.44 and $0.49 per share for the first quarter.
Analysts currently estimate earnings of $0.52 per share for the first quarter and $3.30 per share for 2014.
The company expects to report February comparable store sales in line with its previous guidance for flat to up low-single digit.
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