Victoria's Secret parent L Brands' stock drops 6.9% premarket after Q4 results
Shares of L Brands Inc. LB, -0.29% fell more than 8% in the extended session Wednesday after the parent company of Victoria's Secret and Bath & Body Works reported mixed fourth-quarter results and said its first quarter profit may be a flat line. L Brands said it earned $540 million, or $1.94 a share, in the quarter, compared with $664 million, or $2.33 a share, in the year-ago period. Adjusted for one-time items, the company earned $2.14 a share, compared with $2.11 a share a year ago.
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