Stocks quoted in this article:
Apparel giant Limited (LTD – 25-15/16) announced third-quarter earnings before the open this morning. The company reported figures of 11 cents per share, matching the consensus estimate and topping year-ago numbers by two cents per share. The company also reported that same-store sales for the quarter rose eight percent. Looking forward, LTD officials said they feel confident of achieving analysts' estimates for the fourth quarter.
LTD has not had much of a reaction to this news, as it has hovered around breakeven for most of the day. Yesterday, the equity found support at its ascending 20-day moving average. Options activity is beyond anemic today, with only five contracts trading in total.