Top 5 Earnings to Watch This Week

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In this article, we discuss the top 5 earnings to watch this week. If you want to see some other trending quarterly reports, go directly to Top 10 Earnings to Watch This Week

5. Bath & Body Works, Inc. (NYSE:BBWI)

Number of Hedge Fund Holders: 47

Shares of Bath & Body Works, Inc. (NYSE:BBWI) slightly moved down in the after-hours trading session on Wednesday, August 17, 2022, following its fiscal third quarter results. The retail store chain reported earnings of 52 cents per share, down from 77 cents per share in the year-ago period.

Revenue for the quarter dropped 5 percent on a year-over-year basis to $1.618 billion. Analysts expected Bath & Body Works, Inc. (NYSE:BBWI) earn 45 cents per share on revenue of $1.58 billion.

Among other updates, Bath & Body Works, Inc. (NYSE:BBWI) reported that it recently cut about 130 jobs to simplify and rearrange its operating structure. According to the company, most job cuts included leadership roles.

For the third quarter, Bath & Body Works, Inc. (NYSE:BBWI) projected earnings of 10 – 20 cents per share, well below analysts’ average estimate of 35 cents per share.

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