Victoria’s Secret shares fall after strong 2Q results and raised outlook
Victoria’s Secret reported solid 2Q results and raised its annual outlook. Still, shares tumbled 11% on Thursday, with Jefferies attributing the reaction to high expectations and shares already above historical norms pre-readout.
Victoria's Secret delivered solid quarterly results and once again raised its annual outlook.
However, shares tumbled 11% on Thursday.
Jefferies analysts chalk up the reaction to high expectations.
Shares were already trading above historical norms going into the quarterly readout, the analysts sa…