NEW YORK (TheStreet) -- L Brands (LB) - Get Report stock is down 2.03% to $81.50 in after-hours trading Wednesday after the Columbus, OH-based retailer issued 2016 fiscal year earnings guidance below analysts' estimates.
Earnings guidance was set at $3.90 to $4.10 per share, while analysts were expecting $4.20 per share.
After Wednesday's market close, L Brands also reported better than expected fiscal 2015 fourth quarter financial results.
The Victoria's Secret parent company posted earnings of $2.15 per share on revenue of $4.4 billion for the quarter ended January 30.
Wall Street was anticipating earnings of $2.05 per share on $4.37 billion in revenue for the latest quarter.
"We delivered record results in a year when many retailers struggled," CEO Leslie Wexner said in a statement. "These results are a reflection of the strength of our brands and were driven by tremendous focus and execution across the enterprise."
Separately, L Brands has a "hold" rating and a letter grade of C+ at TheSteet Ratings because of the company's strengths, such as revenue growth, impressive record of earnings per share growth and compelling growth in net income, and its weaknesses, including overall weak operations.
You can view the full analysis from the report here: LB
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.