Wednesday, May 23, 2007

UPDATE 1-Limited Brands posts lower quarterly profit

(Reuters) - The company, which earlier this month announced plans to
shed its underperforming apparel businesses, said net income
was $52.9 million, or 13 cents per share, for the quarter ended
May 5, compared with $99.4 million, or 25 cents per share, a
year earlier.




Quarterly sales rose 11 percent to $2.3 billion, while
sales at stores open at least a year gained 4 percent.


Read more at Reuters.com Market News

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