WASHINGTON (dpa-AFX) - Limited Brands, Inc. (LTD) reported net income for the first quarter of $142.5 million or $0.48 per share, compared to $124.6 million or $0.41 per share in the year-ago quarter.
Net sales for the first quarter rose 5% to $2.27 billion from $2.15 billion in the same quarter last year.
On average, analysts polled by Thomson Reuters expected the company to earn $0.46 per share on revenue of $2.26 billion for the first quarter. Analysts' estimates typically exclude special items.
Looking ahead to the second quarter, the company expects earnings per share to be in the range of $0.50 to $0.55. Analysts currently expect the company to earn $0.53 per share for the second quarter.
For fiscal 2013, the company expects earnings per share of $2.95 and $3.15, up from its previous range of $2.92 to $3.12 per share. Analysts currently expect the company to earn $3.14 per share for the full year 2013.
The company reported a comparable store sales increase of 3 percent for the 13 weeks ended May 4, 2013, compared to the 13 weeks ended May 5, 2012.
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