Limited Brands up 3.25% on January Sales and Guidance Update

Limited Brands LTD is trading higher on the session following its comparable store sales report and guidance update. The company announced its January comparable store sales were up 9% and that it expects Q4 EPS at the high end of previous guidance of $1.42 to $1.46. The company said that its total sales were negatively impacted by the sale of our third party apparel sourcing business in the beginning of November 2011. Limited Brands is currently trading at $43.26, a gain of $1.36 or 3.25%.