Analysts had been looking for 76 cents per share, according to Refinitiv. It projects second-quarter sales will rise between 10% and 15% from 2019 levels. L Brands has said the split will allow both of its brands to better focus on growth and have greater financial flexibility to adapt to a changing retail landscape. It had been contemplating either a spinoff or a sale but said the spinoff ended up being the best option for the business to fetch the highest value.