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L Brands (LB) Stock Retreats in After-Hours Trading on Lower Q3 Earnings Outlook

NEW YORK (TheStreet) -- Shares of L Brands (LB) were down 5.11% to $68.50 on heavy trading volume after-hours Monday as the Columbus, OH-based company cut its 2016 fiscal third-quarter earnings forecast to about 40 cents per share, down from its prior range of 40 cents to 45 cents per share.

Analysts surveyed by Fact Set are looking for adjusted earnings of 46 cents per share.

The operator of Victoria's Secret and Bath & Body Works stores said it expects...