Limited Brands Earnings: Here’s Why Investors Don’t Like These Results
Limited Brands, Inc. (NYSE:LTD) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 1.92%.
Limited Brands, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 22% to $0.61 in the quarter versus EPS of $0.50 in the year-earlier quarter.
Revenue: Rose 4.84% to $2.52 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Limited Brands, Inc. reported adjusted EPS income of $0.61 per share. By that measure, the company beat the mean analyst estimate of $0.60. It beat the average revenue estimate of $2.51 billion.
Key Stats (on next page)…