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L Brands, Inc. Message Board

  • boulter.josh boulter.josh Aug 21, 2013 4:37 PM Flag

    Positive earnings should allow the stock price to bounce back up

     

    (RTTNews.com) - Limited Brands, Inc. ( LTD ) reported net income for the second quarter of $178.9 million or $0.61 per share, compared to $143.6 million or $0.49 per share in the year-ago quarter.

    Net sales for the latest second quarter rose 5% to $2.52 billion from $2.40 billion in the same quarter last year.

    On average, analysts polled by Thomson Reuters expected the company to earn $0.60 per share on revenue of $2.51 billion for the second quarter. Analysts' estimates typically exclude special items.

    Looking ahead to the third quarter, the company expects earnings per share to be in the range of $0.23 to $0.28. Analysts currently expect the company to earn $0.29 per share for the third quarter.

    For fiscal 2013, the company expects earnings per share of $3.06 and $3.21, up from its previous range of $2.95 to $3.15 per share. Analysts currently expect the company to earn $3.21 per share for the full year 2013.

    The company reported a comparable store sales increase of 2 percent for the 13 weeks ended Aug. 3, 2013, compared to the 13 weeks ended Aug. 4, 2012.

    Read more: http://www.nasdaq.com/article/limited-brands-q2-profit-rises-lifts-fy13-eps-outlook---quick-facts-20130821-00753#ixzz2cdc02Y9F

    This topic is deleted.
 
LB
76.26-0.67(-0.87%)Aug 26 4:02 PMEDT