Welcome to our dedicated page for Landbridge news (Ticker: LB), a resource for investors and traders seeking the latest updates and insights on Landbridge stock.
LandBridge Company LLC manages surface acreage and related resources in Texas and New Mexico, primarily in the Delaware sub-region of the Permian Basin. Its news centers on financial results, surface-use royalties and revenues, resource sales and royalties, oil and gas royalties, and commercial activity tied to energy, power, digital infrastructure and other land uses.
Company updates also cover acreage additions, bolt-on transactions, balance-sheet actions, investor presentations, and projects that use LandBridge land for produced-water handling, power generation or data-center infrastructure. The company was formed by Five Point Infrastructure LLC and trades Class A shares representing limited liability company interests under LB.
L Brands reported first quarter results for FY2020, revealing a net loss of $296.9 million, or $1.07 per share, compared to a profit of $40.3 million or $0.14 per share last year. Net sales fell to $1.654 billion, down from $2.629 billion due to store closures amid the COVID-19 pandemic. Bath & Body Works saw sales of $712.7 million, down from $870.7 million, but direct sales soared 85% to $288.9 million. The company has outlined plans for Bath & Body Works to operate as a standalone entity while preparing Victoria's Secret for separation. No guidance was provided for Q2 or full-year earnings.
L Brands (NYSE: LB) will announce its first quarter 2020 earnings on May 20 after market close. A live conference call will be held on May 21 at 9:00 a.m. ET, where executives will discuss the results. Interested parties can access the call via the company's website or by phone. L Brands operates 2,920 specialty stores globally through brands like Victoria’s Secret and Bath & Body Works. The results could provide insights into the company’s performance amid current market conditions.
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