VSCO - Victoria's Secret Stock Is Spiraling Lower: What's Going On? | Benzinga
Victoria’s Secret & Co (NYSE:VSCO) shares are tumbling in Wednesday’s after-hours session after the company reported fourth-quarter financial results. Here’s a look at the key metrics from the quarter.
- Q4 Revenue: $2.08 billion, missed estimates of $2.09 billion
- Q4 EPS: $2.58, beat estimates of $2.47
Victoria’s Secret said it generated $589 million in operating cash flow during the quarter and paid down $410 million on its asset-based revolving credit facility. The Company ended the quarter with a cash position of $270 million.
The company’s board also authorized a new share repurchase program of up to $250 ...