NEW YORK (TheStreet) -- Shares of Limited Brands fell in late trades on Wednesday after the fashion apparel retailer gave a below-consensus outlook for the current quarter.
The Columbus, Ohio-based company, whose brands include Victoria's Secret and Bath & Body Works, sees earnings of 35 to 40 cents a share for its fiscal first quarter ending in April. That's below the current average estimate of analysts polled by Thomson Reuters for a profit of 44 cents a share in the three-month period.
For fiscal 2012, Limited forecast earnings of $2.60 to $2.80 a share vs. the consensus view for a profit of $2.91 a share. The disappointing outlook comes despite the company saying it now sees same-store sales for February rising in the mid to high single digit range on a percentage basis, up from a prior forecast for an increase in the low single digits.
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