VRA Stock Free Falls as Women Tire of the Vera Bradley Look

The company cut its annual profit and revenue guidance

   

VRA Stock Free Falls as Women Tire of the Vera Bradley Look

Shares of Vera Bradley (VRA) tumbled more than 5% in Thursday morning trading after the women’s accessory-maker reported lower-than-expected first-quarter revenue and issued a disappointing full-year outlook.

Day Trading 185 VRA Stock Free Falls as Women Tire of the Vera Bradley LookVRA posted a profit of $6.6 million during the first quarter, compared to earnings of $9.2 million in the year-ago period. EPS came in at 16 cents, surpassing the 13 cents that analysts had predicted, the Associated Press notes.

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However, first-quarter VRA revenue of $113.5 million was down 8% year-over-year and missed the $118.4 million that Wall Street was looking for.

Looking forward, VRA said it anticipates fiscal 2015 earnings from continuing operations in a range of $1 to $1.10 per share. That’s down from a previously-issued full-year profit forecast of between $1.20 and $1.30 per share. Analysts had expected full-year earnings of $1.26 per share.

VRA estimated fiscal 2015 revenue of between $530 million and $530.9 million, also down from prior-guidance of between $545 million and $565 million. Wall Street is expecting VRA 2015 revenue of $553.8 million.

On Wednesday, Vera Bradley stock closed at $25.25 per share.

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Article printed from InvestorPlace Media, http://investorplace.com/2014/06/vra-stock-free-falls-women-tire-vera-bradley-look/.

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