By  on November 20, 2008

Limited Brands Inc.’s third-quarter profits fell almost two-thirds, the company said Wednesday, but outpaced Wall Street expectations by a penny.

Net income for the Columbus, Ohio-based specialty chain operator declined 65.7 percent to $4.2 million, or 1 cent a diluted share, from $12.1 million, or 3 cents a share, in last year’s quarter. On average, analysts polled by Yahoo Finance expected Limited to break even in the quarter.

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