Bath & Body Works tops Q4 earnings estimates

Well, before we go, we got a trending ticker for you and that is Bath and Body Works. The shares are higher by 4%. Interesting, they were lower earlier, now they're getting a boost. Now there's a little bit of good, perhaps a little bit of bad. Let's get to the bad first. The company came out with forecasts for earnings and sales that were way below what analysts had been predicting. For example, in the first quarter, earnings from continuing operations going to be at most 27 cents, analysts have been looking for 45 cents here.

So obviously that is a big difference here and the forecast for the year are similarly dismal. A friend of the show, Simi and Siegel, talking about in a note that perhaps this reset is going to be a good thing if the company sends plants to sell left stuff at a higher price, that that would be good for margins. On the other hand, perhaps on the good side for investors, if they're looking for changes at the company, reporting that Dan Loeb's third point plans to launch a proxy fight against Bath and Body Works to try to force some changes at the company, including excessive executive pay according to the third point and lagging financial performance, the company is fought back against some of his discussions, but we'll see what happens in that fight.

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