NEW YORK (TheStreet) -- Shares of L Brands Inc. (LB) are down by 1.57% to $87.31 in after-hours trading on Wednesday afternoon, following the release of the specialty retailer of women's intimate, other apparel, accessories, and beauty and personal care products' 2015 first quarter earnings results.
The stock is also lower after the company provided weak outlook for the 2015 second quarter.
L Brands, the parent company of Victoria's Secret and Bath & Body Works, said it is expecting earnings for the current quarter to be between 60 cents and 65 cents per share. Analysts polled by Thomson Reuters are expecting earnings of 69 cents per share for the second quarter.
For the most recent quarter, L Brands said its adjusted earnings were 61 cents per share versus the 60 cents analysts had forecast.
Revenue grew by 5% to $2.51 billion, just shy of the $2.53 billion analysts were looking for.
Separately, TheStreet Ratings team rates L BRANDS INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate L BRANDS INC (LB) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its notable return on equity, expanding profit margins, growth in earnings per share, compelling growth in net income and revenue growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."