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Earnings Calls: 
Limited Brands Third Quarter Earnings Call
Author: Maclintosh Kuhlengisa
123jump.com
Last Update: 2:02 AM EST December 01 2007
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The specialty retailer reported a 48% drop in income to $12.1 million or 3 cents a share, driven by Victoria''s Secret Direct and the challenges related to the distribution center. The firm reviewed downwards its earnings outlook due to a drop in projections across all segments as a result of the difficult environment and negative traffic trend. The firm is now reevaluating its timing and approach to ongoing technology initiatives in order to minimize the disruptions to the business.

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Howard Tubin (RBC Capital Markets): How will the mass business look like from a revenue basis next year in terms of business that you maybe losing or business that you maybe gaining?

Stuart Burgdoerfer: Recognition on an external basis of the Express and limited sales will drive year-on-year growth giving the timing of those transactions part way through 2006.
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