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Limited Brands, Herbalife: After-Hours Headlines

Written by: Michael Baron 05/16/12 - 6:11 PM EDT
Tickers in this article: RRGB HLF LTD

Clarification: An earlier version inaccurately described David Einhorn's questions on Herbalife's conference call as "criticism" of the company.

NEW YORK (TheStreet) -- Here's a rundown of stocks making news after Wednesday's closing bell:

Limited Brands

Shares of Limited Brands(LTD) fell in late trades after the Columbus, Ohio-based specialty retailer, whose brands include Victoria's Secret and Bath & Body Works, forecast second-quarter earnings of 40 to 45 cents a share.

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The current average of analysts polled by Thomson Reuters is for a profit of 50 cents a share in the July-ending quarter. For the full year, Limited sees earnings of $2.63 to $2.83 a share, offering downside to Wall Street's current consensus estimate of $2.83 a share.

The stock was last quoted at $46.45, down 3.2%, on volume of around 100,000, according to Nasdaq.com.

Herbalife

Shares of Herbalife(HLF) extended their regular-session rally after the bell, apparently benefiting from short seller David Einhorn's silence about the company.

Einhorn of Greenlight Capital reportedly delivered a presentation Wednesday at the Ira Sohn conference in New York that didn't touch on Herbalife, a marketing company that sells weight management and nutrition products. This was notable because Einhorn caused a stir earlier this month by asking a number of questions on Herbalife's latest conference call, causing Wall Street to wonder if the company was his next target.

The stock rose nearly 17% to close at $49.51, then advanced another 4% in late trades to $51.41 on volume of 1.4 million, according to Nasdaq.com.

Red Robin Gourmet Burgers

Shares of Red Robin Gourmet Burgers(RRGB) fell nearly 8% to $33 on volume of more than 20,000 after the restaurant operator reported mixed first-quarter results.

The company posted a profit of $10.6 million, or 71 cents a share, on revenue of $299.4 million for the quarter. The performance topped Wall Street's profit estimate of 66 cents a share but fell short of expectations for revenue of $306.4 million.