Limited Brands Sees Limited Upside Despite Earnings Beat

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Investors shrugged off a better-than-expected quarter from Limited Brands after hours, letting the shares slip 1.8%.

Limited Brands (LTD) reported third-quarter earnings of $94.3 million, or 31 cents a share, up from 18 cents in the year-earlier period. Adjusted to exclude one-time items, the company’s earnings rose to $77.6 million, or 25 cents a share, a penny ahead of previous forecasts and the consensus estimate. Revenue grew to $2.17 billion from $1.98 billion, in-line with the company’s revised guidance, released earlier this month, which was better than analysts’ estimates at the time.

Limited Brands, which owns a major brands from Victoria’s Secret to Bath & Body Works, also raised its full-year earnings forecast to $2.38 to $2.53 a share, from a previous range of $2.35 to $2.50 a share.



Original Article Source by Barrons.com