L Brands reported quarterly earnings that beat analysts' expectations on Wednesday, but revenues fell short. Meanwhile, the specialty apparel retailer lowered its full-year outlook and said it expects a comparable-sales decline for the month of May.
L Brands shares slipped nearly 4 percent in after-hours trading.
The company posted first-quarter earnings per share of 59 cents, compared to 61 cents a share in the year-earlier period. Revenue for the quarter came in at $2.61 billion, against the comparable year-ago figure $2.51 billion.
Wall Street was expecting 55 cents a share on revenue of $2.62 billion, according to a Thomson Reuters consensus estimate.
The company trimmed its full-year guidance for adjusted earnings per share between $3.60 and $3.80, down from its previous forecast of $3.90 and $4.10.
Analysts had been anticipating a cut to the retailer's full-year guidance, after management reported a rare comparable-sales miss during the month of April. That included a 1 percent decline at its Victoria's Secret brand.