Limited Brands Pops on Q2 Earnings Results

Shares of Limited Brands

are trading higher in the after-hours following the release of the company's Q2 earnings results. Currently, shares are higher by 3.64%, trading at $35.59; they ended the regular session lower by 1.41%, at $34.34. Limited Brands reported Q2 EPS of $0.48 on revenues of $2.46 billion; Revenues increased 9.6% year over year. The company sees Q3 EPS in the range of $0.17-0.22, while FY2012 is expected to come in at $2.35-2.50 (this is up from $2.25-2.45 per share). Leslie H. Wexner, chairman and chief executive officer of Limited Brands, stated, "We're pleased with our second quarter performance. Our focus on managing inventory and expenses conservatively and staying agile yielded more full-priced selling and record results. As we enter the fall season, we will remain focused on our customers, and we see opportunity to continue to do better." Limited Brands, Inc. operates is a specialty retailer of women's intimate and other apparel, beauty and personal care products and accessories.