Limited Brands sees earnings dip, expects 3Q loss

COLUMBUS, Ohio Limited Brands reported second quarter earnings per share were 23 cents compared with 30 cents last year. Net income for the second quarter was $74.3 million compared to $102 million last year.

Comparable-store sales for the second quarter decreased 9%, and net sales were $2.067 billion compared to $2.284 billion last year.

Limited said it expects a 2009 third-quarter loss per share of 7 cents to 12 cents compared with earnings per share of 1 cent last year.

For 2009, the company expects adjusted earnings per share of 75 cents to 90 cents.