Vera Bradley, Inc. (NASDAQ:VRA) stock was down on Wednesday following a poor outlook for the rest of the year.
Vera Bradley, Inc. is expecting revenue ranging from $135 million to $140 million for the fourth quarter of 2016. Earnings per share for this period is expected to be between 23 cents and 25 cents. Wall Street is looking for revenue of $158.78 million and earnings per share of 47 cents for the quarter.
For the full year of 2016, Vera Bradley, Inc. is looking for revenue to be between $486 million and $491 million. Earnings per share for the year are expected to range from 62 cents to 65 cents. Analysts are looking for revenue of $512.61 million and earnings per share of 90 cents for the year.
Vera Bradley, Inc.’s third quarter earnings report also wasn’t the best. It reported revenue of $126.66 million during this time. Revenue for the same time in 2015 was $126.67 million. Wall Street was looking for revenue of $129.55 million during the quarter.
Earnings per share reported by Vera Bradley, Inc. in the third quarter of the year was 24 cents. The fashion company reported earnings per share of 27 cents in the third quarter of the year prior. Analysts were looking for earnings per share of 23 cents for the quarter.
Net income for the third quarter of 2016 was $8.78 million. Vera Bradley, Inc. reported net income of $10.27 million during the same time of last year. Operating income was $11.40 million, which is down from the $16.79 million from the same time last year.
VRA stock was down 5% as of Noon Wednesday and is down 12% year-to-date.