Limited Brands 2Q Results Impress; Boosts View

Limited Brands Inc. (LTD) posted second-quarter earnings that beat Wall Street’s estimates, and it boosted full-year and third-quarter views. The retail chain raised its full-year earnings guidance to a range of $1.68 to $1.83 a share, up from its previous view for earnings between $1.60 and $1.80 a share. The new guidance is in-line with expectations; the Street is expecting full-year earnings of $1.81 a share. The parent for retail franchises such as Victoria’s Secret and Bath & Body Works predicted August earnings in the range of 3 to 8 cents a share,