Ahead Of The Bell: 4Q Recovery Seen For Limited

NEW YORK (AP) — Limited Brands Inc.'s prospects for a fourth-quarter recovery are good after it beat Wall Street expectations, an analyst said Thursday.

Limited, which operates Victoria's Secret, Bath and Body Works and other stores, late Wednesday reported a first-quarter profit, beating expectations for a loss, as cost-cutting efforts offset lower sales.

"Limited is an underloved recovery story," Lazard Capital Markets analyst Todd Slater wrote in a research note to investors. He said the company's improved margins and growing profit from international royalties should help boost its performance. ...