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Facebook, Inc. [stckqut]FB[/stckqut] has released its third quarter earnings and the numbers look solid on all fronts. That may not be a surprise after the other online and tech earnings we have seen. Still, Facebook reported that revenue was $4.501 billion — up from $3.203 billion last year, and above the $4.37 billion consensus estimate from Thomson Reuters.

Facebook’s adjusted earnings were $2.41 billion with an adjusted operating margin of 54%. That compares to $1.459 billion and 57% a year earlier. The adjusted earnings per share (EPS) was $0.57, versus $0.43 EPS a year ago and versus the consensus estimate of $0.52 EPS.

Of the $4.501 billion in revenues, some $4.299 billion was in advertising – up 45%. Facebook’s total costs and expenses rose by 68% to $3.042 billion. Excluding the impact of year-over-year changes in foreign exchange rates, the company showed that total revenue would have increased by 51%.

Source: Facebook Posts Stellar Earnings, Even With Rising Costs, and Dominates in Mobile – Facebook (NASDAQ:FB) – 24/7 Wall St.

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The more low-key of L Brands Inc.’s [stckqut]LB[/stckqut] brands is ready to be thrust into the spotlight.

During a Tuesday conference for stock analysts, the Columbus-based retailer and owner of Victoria’s Secret said it is putting more investment into its more than 1,600-store Bath & Body Works chain, including rolling out more White Barn candle shops, the brand it quietly revived last year.

CFO Stuart Burgdoerfer said the remodeled stores are producing a 25 percent increase in sales, so next year the company is looking at 39 new stores with 150 remodels, most of which will have a White Barn.

CEO Les Wexner stressed the importance of finding growth within existing stores and real estate. He talked about being able to change stores to stay with the customers of the day and preserve those real estate investments the company made in new stores 10 to 15 years ago.

“This is way bigger than the Internet,” he said, noting that analysts always ask him about Internet sales. “It’s not as sexy, but to remodel a 10-year-old store and be able to get a 25 percent lift? … 5, 7, 10 percent would be remarkable.”

Source: L Brands plans to invest more in Bath & Body Works, White Barn brands – Columbus – Columbus Business First