BUSINESS BRIEFING / EARNINGS
TIMES WIRE REPORTS
Limited Brands said first-quarter profit fell 97% to $2.6 million, or a penny a share. Revenue fell 10% to $1.73 billion.
Analysts polled by Thomson Reuters had predicted a loss of 3 cents a share on revenue of $1.75 billion.
Limited, which is based in Columbus, Ohio, now expects 2009 profit of 67 to 87 cents a share, up from earlier estimates of 60 to 85 cents.
