Late on Wednesday retailer Limited Brands Inc. ((NYSE: LTD) announced that its third-quarter net income dropped 65% to $4.2 million, or a penny a share, compared with $12.1 million, or 3 cents a share, in the in the corresponding quarter in 2007. Sales declined 4% to $1.82 billion from $1.92 billion. Analysts on an average had expected the company to break even on revenue of $1.89 billion. Same-store sales fell 7%. In the fourth quarter, the company expects to earn in the range of 85 cents to $1 a share while for the full year 2008 it expects earnings in the range of $1.20 to $1.35 a share in 2008. Analysts forecast earnings of $1.01 a share, on average, in the fourth quarter. Shares of Limited Brands declined 0.4% in extended trading.

Men's Wearhouse Inc. (NYSE: MW) said its third-quarter net income declined to $14.6 million or 28 cents a share, from $37.1 million, or 69 cents a share in the same quarter a year ago. Adjusted profits came at 30 cents a share. Sales dropped to $459.7 million from $512.1 million. Consensus expectations were for net income of 27 cents a share and $477.7 million in revenue. The company expects its fourth-quarter results to range from breakeven to a loss of 18 cents a share and earnings of 92 cents to $1.10 a share in 2008. Shares of Men's Wearhouse were down 0.31% in late trading on Wednesday.

Phoenix, Arizona based PetSmart Inc. (NASDAQ: PETM) said that its third-quarter net earnings reached $35.8 million, or 28 cents a share, from $29.5 million, or 23 cents a share, in the same period in 2007. Sales climbed to $1.25 billion from $1.12 billion. Consensus estimates were for earnings of 26 cents a share on revenue of $1.25 billion. Same store sales at nation's largest pet retailer climbed 5.4% in the quarter.  The company expects to earn 59 cents to 62 cents a share in the fourth quarter, which is in line with analyst estimates. For the full year, the company expects to post earnings of $1.49 to $1.52 a share. The company also said that sales for the full year ending in February will rise in the high-single digits on a percentage basis, PetSmart also added that it wasn't immune to a slowing U.S. economy and will cut back on capital spending in 2009. On Wednesday, PetSmart shares surged 11.11% in after hours trading.

Mountain View, California based tax preparation software maker Intuit Inc. (NASDAQ: INTU) said its first-quarter net loss widened to $52.1 million, or 16 cents a share, compared with $20.8 million, or 6 cents a share in the first quarter a year ago. Sales climbed 8% to $481.4 million. Excluding one time items and charges, the company posted net loss of 9 cents a share. Analysts had forecasted tht Intuit would break even for the quarter, and post $483.3 million in revenue. Chief Executive Brad Smith said "it's clear our customers are facing a challenging economic environment." Intuit added 0.97% in extended trading.

Electronic display product maker Planar Systems Inc.