Limited Brands Inc. (LTD) posted third quarter net income attributable to common shareholders of $14.8 million or $0.05 per share, compared to $4.2 million or $0.01 per share in the previous year quarter. Adjusted earnings for the period were $6.1 million or $0.02 per share.
On average, eighteen analysts polled by Thomson Reuters expected the company to report a loss of $0.01 per share. Analysts' estimates typically exclude special items.
The company said the 2009 adjusted results exclude an income tax benefit, primarily due to the resolution of certain tax matters, of $8.8 million or $0.03 per share.
Net sales for the period were $1.77 billion, compared to $1.84 billion in last year period. Comparable store sales for the quarter decreased 2%.
Thirteen Wall Street analysts expected revenues of $1.77 billion for the period.
Looking forward, for the fourth quarter, the company earnings in the range of $0.71 to $0.86 per share.
Full year adjusted earnings are forecast in the range of $0.93 to $1.08 per share.
Street analysts expect earnings of $0.79 per share for the fourth quarter and $0.97 per share for the full-year.
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