Why Is Victoria's Secret (VSCO) Stock Down 30% Today?

Victoria’s Secret (NYSE:VSCO) stock is falling hard on Thursday following the release of its latest earnings report.The company’s report for the fourth quarter of 2023 starts with adjusted earnings per share of $2.58. That’s better than the$2.47 per share Wall Street was expecting. It’s also better than the $2.47 reported in the same period of the year prior.Unfortunately, it couldn’t keep that positive momentum going with revenue coming in at$2.08 billion. That’s below the $2.9 billion in revenue that an ...