By  on May 22, 2013

L Brands Inc., formerly known as Limited Brands Inc., posted a 14.4 percent increase in first-quarter net income, which helped it top Wall Street’s projections Wednesday afternoon.

The company, which operates Victoria’s Secret, Bath & Body Works, La Senza and Henri Bendel, said profit for the period ended May 4 totaled $142.5 million, or 48 cents a diluted share. This compared with year-ago profit of $124.6 million, or 41 cents a share.

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