* Q1 EPS 25 cents vs Street’s 19 cents
* Q1 revenue up 11.6 percent
* Sees adjusted Q2 EPS 27 cents to 32 cents
* Shares down 5 percent after hours
SAN FRANCISCO, May 19 (Reuters) - Limited Brands Inc LTD.N, the operator of the Victoria’s Secret and Bath & Body Works chains, posted better-than-expected quarterly net income on Wednesday, but the midpoint of a profit outlook fell short of expectations, sending the company’s shares down 5 percent.
Net income in Limited’s first quarter ended May 1 was $112.5 million, or 34 cents per share, from $2.6 million, or 1 cent per share, a year earlier.
Excluding a gain from its former Express chain, the company earned 25 cents per share.
Analysts, on average, had been expecting earnings of 19 cents per share, according to Thomson Reuters I/B/E/S.
Revenue rose 11.6 percent to $1.93 billion from $1.73 billion, in line with Wall Street estimates, while same-store sales rose 10 percent.
The company has worked steadily to improve margins in a difficult sales environment for lingerie and bath products, but recent launches and better mall traffic helped boost recent results.
Looking ahead, Limited expects second-quarter adjusted earnings to range between 27 cents and 32 cents per share, compared to the 31 cents expected, by Wall Street.
Its shares fell 5 percent to $23.20 after closing at $24.49 on the New York Stock Exchange. (Reporting by Alexandria Sage; editing by Andre Grenon)