Vera Bradley Inc.’s stock rose 0.6% in premarket trade Wednesday, after the handbag and accessories company swung to a profit in its fiscal second quarter...
Vera Bradley Inc.’s stock VRA, +0.15% rose 0.6% in premarket trade Wednesday, after the handbag and accessories company swung to a profit in its fiscal second quarter from a loss a year ago and swept past earnings estimates. The company posted net income of $9.25 million, or 30 cents a share, after a loss of $29.8 million, or 95 cents a share, in the year-earlier period. Adjusted per-share earnings came to 33 cents, well ahead of the 12 cent FactSet consensus. Revenue fell to $128.
0 million FactSet consensus. “We are very pleased with the meaningful year-over-year improvement in second quarter earnings, driven by significant gross margin expansion and successful expense reduction efforts,” CEO Jackie Ardrey said in a statement. The company is now expecting fiscal 2024 revenue of $490 million to $500 million and for EPS to range from 57 cents to 65 cents. The FactSet consensus is for EPS of 60 cents and revenue of $498.1 million.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Iron Studios Debuts Deluxe Monsters Inc. Diorama Statue for Disney100Iron Studios is back with a new assortment of delightful 1/10 Art Scale statues including some love for Monsters Inc.
Read more »
Tesla Inc. stock rises Monday, still underperforms marketShares of Tesla Inc. inched 0.10% higher to $238.82 Monday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ...
Read more »
Netflix Inc. stock rises Monday, still underperforms marketShares of Netflix Inc. inched 0.49% higher to $418.06 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P...
Read more »
Meta Platforms Inc. stock outperforms competitors on strong trading dayShares of Meta Platforms Inc. rose 1.67% to $290.26 Monday, on what proved to be an all-around favorable trading session for the stock market, with the...
Read more »
Amazon.com Inc. stock underperforms Monday when compared to competitorsShares of Amazon.com Inc. sank 0.09% to $133.14 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index...
Read more »
Berkshire Hathaway Inc. Cl B stock underperforms Monday when compared to competitorsShares of Berkshire Hathaway Inc. Cl B slumped 0.11% to $355.55 Monday, on what proved to be an all-around positive trading session for the stock market,...
Read more »