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Limited's Third Quarter Earnings Report
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LTD
Limited Brands (NYSE:LTD) announced its results for the most recent quarter on November 14, 2012. Limited Brands is a specialty retailer of women's apparel, beauty, and personal care products and accessories operating under various trade names.
Investors should care about a company's quarterly earnings because it shows the state of the business over the past 90 days and provides guidance for the following 90 days. SEE: Surprising Earnings Results
The Numbers: Limited managed to beat EPS estimates, though the company's revenues failed to top expectations. The company reported adjusted net income of 26 cents per share versus the 25 cents per share estimate and revenues of $2.05 billion versus the $2.14 billion estimate. Revenue fell 5.7% from the same period last year. The company's net income for the quarter fell 22.2% to $73.4 million.
Looking Ahead: For next quarter, analysts have a more positive outlook about the company's expected results. The average estimate for the fourth quarter is $1.76 per share, up from $1.72 90 days ago. Increasing earnings estimate is a positive sign about the company and it typically leads a increase in the stock price. The average estimate for the fiscal year is $2.90 per share, a rise from $2.83 90 days ago.
Investors should care about a company's quarterly earnings because it shows the state of the business over the past 90 days and provides guidance for the following 90 days. SEE: Surprising Earnings Results
The Numbers: Limited managed to beat EPS estimates, though the company's revenues failed to top expectations. The company reported adjusted net income of 26 cents per share versus the 25 cents per share estimate and revenues of $2.05 billion versus the $2.14 billion estimate. Revenue fell 5.7% from the same period last year. The company's net income for the quarter fell 22.2% to $73.4 million.
Looking Ahead: For next quarter, analysts have a more positive outlook about the company's expected results. The average estimate for the fourth quarter is $1.76 per share, up from $1.72 90 days ago. Increasing earnings estimate is a positive sign about the company and it typically leads a increase in the stock price. The average estimate for the fiscal year is $2.90 per share, a rise from $2.83 90 days ago.
by
Investopedia Staff
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