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L Brands Inc. (LB) Dropped On Q4 Outlook

L Brands Inc. (LB) reported a 1 percent increase in December comparable sales after the bell Wednesday. The company now expects to report fourth quarter EPS of about $2.00, compared to prior expectations of $1.95 to $2.10.

L Brands gapped open sharply lower Thursday, but traded in a range for the majority of the session. The stock closed down by 7.16 at $51.00 with volume at over a 4-month high. L Brands dropped to over a 1-month low.

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