Wall Street stocks crashed into the red on Wednesday and after the bell, fashion group L Brands Inc (NYSE:LB) saw shares shed 8.78% after the bell to US$45.
It came despite the Ohio headquartered group reporting earnings that beat expectations on top and bottom lines.
It also announced a proposed US$500mln offering of senior notes due in 2028 for the redemption of outstanding senior notes, which are due next year.
Victoria's Secret drags on L Brands results https://t.co/PkQ7pPVcEA #premarket $LB
— Seeking Alpha (@SEEKINGALPHA_FS) 1 March 2018
Box Inc (NYSE:BOX) shares plunged over 13% to US$20.88 despite the cloud content management company reporting smaller losses per share than expected and revenue was in line with Wall Street estimates.
Elsewhere, Monster Beverage Corp (NASDAQ:MNST) shares lost 4.29% to US$60.65 after the energy and soft drinks group reported EPS (earnings per share) and revenue that missed analysts' expectations.
The firm said net gross sales were negatively impacted by inventory reductions at international distributors.
On the upside, 3D Systems Corp (NYSE:DDD) shares zoomed up over 13% to US$10.80 after the bell. The group reported preliminary fourth quarter earnings that cheered the " Street".