Limited Brands, Herbalife: After-Hours Headlines
Clarification: An earlier version inaccurately described David Einhorn's questions on Herbalife's conference call as "criticism" of the company.
NEW YORK (TheStreet) -- Here's a rundown of stocks making news after Wednesday's closing bell:
Shares of Limited Brands (LTD) fell in late trades after the Columbus, Ohio-based specialty retailer, whose brands include Victoria's Secret and Bath & Body Works, forecast second-quarter earnings of 40 to 45 cents a share.
The current average of analysts polled by Thomson Reuters is for a profit of 50 cents a share in the July-ending quarter. For the full year, Limited sees earnings of $2.63 to $2.83 a share, offering downside to Wall Street's current consensus estimate of $2.83 a share.The stock was last quoted at $46.45, down 3.2%, on volume of around 100,000, according to Nasdaq.com.
HerbalifeShares of Herbalife (HLF) extended their regular-session rally after the bell, apparently benefiting from short seller David Einhorn's silence about the company. Einhorn of Greenlight Capital reportedly delivered a presentation Wednesday at the Ira Sohn conference in New York that didn't touch on Herbalife, a marketing company that sells weight management and nutrition products. This was notable because Einhorn caused a stir earlier this month by asking a number of questions on Herbalife's latest conference call, causing Wall Street to wonder if the company was his next target. The stock rose nearly 17% to close at $49.51, then advanced another 4% in late trades to $51.41 on volume of 1.4 million, according to Nasdaq.com.
Red Robin Gourmet BurgersShares of Red Robin Gourmet Burgers (RRGB) fell nearly 8% to $33 on volume of more than 20,000 after the restaurant operator reported mixed first-quarter results. The company posted a profit of $10.6 million, or 71 cents a share, on revenue of $299.4 million for the quarter. The performance topped Wall Street's profit estimate of 66 cents a share but fell short of expectations for revenue of $306.4 million. "Although we began the year with strong sales, we were disappointed by the extent of guest traffic softening in the second half of the quarter," said Steve Carley, the company's CEO, in a statement. "Nevertheless, we are confident in our plans for strengthening our business, advancing our brand and positioning Red Robin for long-term growth and profitability." Red Robin said it expects growth of "up to 1%" in its comparable restaurant sales for the whole of fiscal 2012. --Written by Michael Baron in New York.
>To contact the writer of this article, click here: Michael Baron.
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