Limited Brands Sees 92% Plunge in Profit
Stock quotes in this article:
LTD
It's also very hush, hush at Limited Brands(LTD Quote).
Limited posted a 92% plunge in first quarter earnings, but released a measly one-page report for the quarter that had little explanation for the downturn. During the quarter, the company earned $2.6 million or 1 cent a share, compared with $36.4 million, or 11 cents, in the year-ago period. The company managed to beat analysts' expectations of a loss of 3 cents, as cost-cutting efforts offset lower sales. Sales dropped 10% to $1.73 billion from $1.93 billion last year, while same-store sales fell 7%. Limited raised its outlook and now expects full-year earnings in the range of 67 cents to 87 cents, up from a previous forecast of 60 cents to 85 cents per share. Second-quarter earnings should be 27 cents. Shares of Limited ended the day down 2.4% to $11.66.- Loading Comments...
- Loading Comments...
Featured Photo Galleries
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,226.94 | 1,093.07 | 2,154.06 | 34.86 |
Oil *
77.65
|
|
UP
203.52
|
UP
23.77
|
UP
41.62
|
DOWN
0.17
|
10 Yr
3.49%
SPDR Gold
108.19
|
|
+2.03%
|
+2.22%
|
+1.97%
|
-0.49%
|
Data delayed 20 minutes |














