Bath and Body Works' ($BBWI@US) stock surged 10% in Thursday's premarket trading after exceeding expectations for its fiscal first-quarter earnings and raising its guidance. The company's earnings per share came in at 33 cents (adjusted), surpassing the expected 26 cents, while revenue matched expectations at $1.40 billion. The retail chain expects higher earnings per share for the full year of 2023, even though it saw a decline in sales and net income compared to the previous year. Bath and Body Works predicts earnings per share of 27 to 32 cents in the next quarter, lower than the estimated 32 cents per share.