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L Brands tops 3Q profit forecasts

L Brands on Wednesday reported fiscal third-quarter net income of $131.8 million.

On a per-share basis, the Columbus, Ohio-based company said it had net income of 44 cents.

The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.

The owner of Victoria's Secret, Bath & Body Works and other chain stores posted revenue of $2.32 billion in the period, which matched Street forecasts.

L Brands expects full-year earnings to be $3.21 to $3.31 per share.

L Brands shares have climbed 26 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 11 percent. In the final minutes of trading on Wednesday, shares hit $77.68, an increase of 21 percent in the last 12 months.

This story was generated by Automated Insights using data from Zacks Investment Research. LB stock research report from Zacks.