L brands earnings beat expectations Unlisted Video

On Thursday, L Brands spiked more than 15% in early morning trading.
The company reported net income of $40.3 million, almost triple that of the $14.6 million expected.
The increase came after the company posted first-quarter results that topped Wall Street expectations.
The strong results surprised analysts.
The company's biggest segment is the struggling Victoria's Secret brand.
Victoria's Secret's overall sales were down 3% year-on-year for the quarter.