By and  on December 7, 2010

Shares of The Talbots Inc. pulled back nearly 23 percent Tuesday despite a 17.1 percent jump in third-quarter profits after the company said fourth-quarter sales could decline given the “challenging and promotional environment.”

For the three months ended Oct. 30, net income was $17 million, or 24 cents a diluted share, from $14.6 million, or 26 cents, last year. Adjusted EPS of 27 cents was 1 cent better than analysts’ consensus estimates.

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