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.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"