Why L Brands, Inc. Stock Dove Today
Shares of Victoria's Secret-parent L Brands, Inc. (NYSE: LB) were getting shredded today after the retailer turned in disappointing guidance in its second-quarter earnings report. The stock was down 9.2% at 12:42 p.m. EDT.
L Brands' results were actually better than expectations, but weak guidance sent the stock heading to six-year lows.
Image source: L Brands.
Source: Fool.com