Limited Brands Profit Rises on Sale of Stake
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From Bloomberg News
Limited Brands Inc. said third-quarter earnings rose to $129.7 million after the firm sold its stake in Alliance Data Systems Corp. and received an interest refund from a tax settlement.
Net income for the owner of the Express and Limited chains rose to 25 cents a share, from $15.8 million, or 3 cents, a year ago.
Sales rose 4.5% to $1.85 billion, the Columbus, Ohio-based company said.
Limited shares rose 36 cents to $17.85 on the NYSE.
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