L Brands Inc. (LB) Fell To A 4-Month Low On Disappointing Outlook

L Brands Inc. (LB) reported fourth quarter EPS of $2.11 after the close Wednesday, up from $2.03 in the prior year. Analysts expected EPS of $2.05.

The company expects to report first quarter EPS of $0.15 to $0.20 and full year 2018 EPS of $2.95 to $3.25. Street expectations are for EPS of $0.31 and $3.50.

L Brands gapped open sharply lower Thursday and declined for the bulk of the session. The stock finished with a loss of 6.84 at $42.49 on above average volume. L Brands sank to a 4-month low.

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