Vera Bradley Down Over 9% on Weak Q1 EPS Guidance
Vera Bradley (NASDAQ: VRA) is trading lower on the session after its earnings and guidance announcements yesterday. The company reported EPS of $0.50 vs $0.47 estimate and revenues of $134.50 million vs $130.06 million estimate.
Additionally, Vera Bradley guided Q1 EPS $0.27-0.29 vs $0.32 estimate and revenues $115-117 million vs $114.71 million estimate.
"Fiscal 2012 represents another outstanding year for Vera Bradley, as reflected in our fourth quarter and full year results, thanks to our talented team and our dedicated retail partners," said Michael C. Ray, Vera Bradley's Chief Executive Officer.
Vera Bradley is currently trading at $33.59, a loss of $3.55 or 9.56%.
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