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Last Update: 07-Dec-11 10:54 ET
Vera Bradley Remains In The Red On Yesterday's Earnings/Guidance Results
Vera Bradley (VRA $36.20 -0.96) continues to trade lower, driven by its earnings results and fourth quarter guidance released after the close yesterday
The company reported third quarter earnings of $0.32 per share late yesterday, $0.04 better than the Capital IQ Consensus Estimate of $0.28.
Revenues rose 32.2% year/year to $121.1 mln vs the $109.85 mln consensus.
For the fourth quarter, the company projected earnings of $0.44 to $0.47 versus the $0.47 Capital IQ Consensus Estimate. On the top line, the company expects to see revenue of $125 million to $130 million versus the $130.60 million Capital IQ Consensus Estimate.
The company said, "We are pleased with the strength of our operating results in the third quarter. Our brand and product assortment continue to resonate with consumers resulting in meaningful sales growth across all of our distribution channels."
The company reported third quarter earnings of $0.32 per share late yesterday, $0.04 better than the Capital IQ Consensus Estimate of $0.28.
Revenues rose 32.2% year/year to $121.1 mln vs the $109.85 mln consensus.
For the fourth quarter, the company projected earnings of $0.44 to $0.47 versus the $0.47 Capital IQ Consensus Estimate. On the top line, the company expects to see revenue of $125 million to $130 million versus the $130.60 million Capital IQ Consensus Estimate.
The company said, "We are pleased with the strength of our operating results in the third quarter. Our brand and product assortment continue to resonate with consumers resulting in meaningful sales growth across all of our distribution channels."
