S&P 500 (NYSE:SPY) component Limited Brands Inc. (NYSE:LTD) reported its results for the third quarter. Limited Brands is a specialty retailer of women’s apparel, beauty, and personal care products and accessories operating under various trade names.
Earnings season is back and more important than ever. Get our newest CHEAT SHEET stock picks now
Limited Brands Inc. Earnings Cheat Sheet
Results: Net income for Limited Brands Inc. fell to $73.4 million (25 cents per share) vs. $94.3 million (31 cents per share) a year earlier. This is a decline of 22.2% from the year-earlier quarter.
Revenue: Fell 5.7% to $2.05 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Limited Brands Inc. reported adjusted net income of 26 cents per share. By that measure, the company beat the mean estimate of 25 cents per share. It fell short of the average revenue estimate of $2.14 billion.
The company has now topped analyst estimates for the last four quarters. It beat the mark by 2 cents in the second quarter, by one cent in the first quarter, and by 4 cents in the fourth quarter of the last fiscal year.
Looking Forward: 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 ninety days ago. The average estimate for the fiscal year is $2.90 per share, a rise from $2.83 ninety days ago.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)
Don’t Miss These Additional Hot Stories: