NewsFeeder
12-12-2018, 07:40 AM
Vera Bradley shares tumble after earnings, revenue misses
Shares of Vera Bradley Inc. are down 11% in premarket trading Wednesday after the company missed earnings and revenue expectations for its fiscal third quarter. Vera Bradley reported net income of $4.2 million, or 12 cents a share, up from $359,000, or 1 cent a share, a year earlier. The year-ago numbers included $7.9 million of after-tax charges owing to impairment, consulting fees, and other factors. Analysts surveyed by FactSet were expecting 16 cents in earnings per share for the latest quarter, above the 12 cents that Vera Bradley reported. The company's revenue fell to $97.7 million from $114.1 million in the year-earlier quarter. Analysts had projected $101.7 million in sales. Vera Bradley expects net revenue of $114 million to $119 million for its fiscal fourth quarter, whereas analysts had been predicting $114 million. Shares are down 16% so far this year, while the S&P 500 has dropped 1.4%.
https://finance.yahoo.com/m/68a694a8-fd4a-3b44-add5-3694ae300fb7/vera-bradley-shares-tumble.html?.tsrc=rss
Shares of Vera Bradley Inc. are down 11% in premarket trading Wednesday after the company missed earnings and revenue expectations for its fiscal third quarter. Vera Bradley reported net income of $4.2 million, or 12 cents a share, up from $359,000, or 1 cent a share, a year earlier. The year-ago numbers included $7.9 million of after-tax charges owing to impairment, consulting fees, and other factors. Analysts surveyed by FactSet were expecting 16 cents in earnings per share for the latest quarter, above the 12 cents that Vera Bradley reported. The company's revenue fell to $97.7 million from $114.1 million in the year-earlier quarter. Analysts had projected $101.7 million in sales. Vera Bradley expects net revenue of $114 million to $119 million for its fiscal fourth quarter, whereas analysts had been predicting $114 million. Shares are down 16% so far this year, while the S&P 500 has dropped 1.4%.
https://finance.yahoo.com/m/68a694a8-fd4a-3b44-add5-3694ae300fb7/vera-bradley-shares-tumble.html?.tsrc=rss