L Brands Inc (NYSE: LB ) shares fell after the bell Wednesday as the company posted meek third-quarter results.
The figure was in line with analysts' consensus estimate of 30 cents per share, according to Thomson Reuters . Revenue managed to grow 1.2% to $2.61 billion from last year's $2.58 billion.
Comparable sales also took a hit at L Brands, falling 1% year-over-year. Both L Brands and Victoria's Secret took a hit as the company stopped selling in the swim and apparel categories, costing it 2 percentage points to both the parent company and the lingerie brands.
Total comparable sales were hit even harder, decreasing 3% for the third quarter, and this figure was steeper for Victoria's Secret, down 5%. For Bath & Body works, comparable sales gained 1%.
For its fourth quarter, L Brands predicts it will rake in earnings in the range of $1.95 to $2.10 per share, hiking up the full-year figures to $3.05 to $3.20 per share.
The company also sells personal care products and accessories, most of which are in the U.S. L Brand's segments include Victoria's Secret, Victoria's Secret Pink, Bath & Body Works, La Senza and Henri Bendel.
LB shares fell 3.8% after the bell.
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