COLUMBUS, Ohio (AP) — Cutting costs helped Limited Brands beat its own profit expectations for the third quarter, and the owner of Victoria's Secret and Bath and Body Works raised its full-year guidance.
The retailer reported Wednesday that it earned $14.9 million, or 5 cents per share, compared with $4.2 million, or a penny per share a year earlier.
Excluding a tax benefit, profit totaled 2 cents per share, while the company forecast it would break even or lose up to 4 cents per share.
Revenue fell 4 percent to $1.78 billion.
For the year, the Columbus, Ohio, company expects adjusted earnings of 93 cents to $1.08 per share, up from 75 cents to 90 cents per share.
Shares rose 63 cents, or 3.5 percent, to $18.70 during aftermarket trading.
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