Vera Bradley: Fiscal 1Q Earnings Snapshot

Associated Press
Updated

ROANOKE, Ind. (AP) _ Vera Bradley Inc. (VRA) on Wednesday reported a loss of $2.4 million in its fiscal first quarter.

The Roanoke, Indiana-based company said it had a loss of 7 cents per share.

The handbag and accessories company posted revenue of $91 million in the period.

For the current quarter ending in August, Vera Bradley said it expects revenue in the range of $115 million to $120 million. Analysts surveyed by Zacks had expected revenue of $87.3 million.

The company expects full-year earnings to be 67 cents to 74 cents per share, with revenue ranging from $425 million to $440 million.

Vera Bradley shares have increased 30% since the beginning of the year. The stock has declined 13% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VRA at https://www.zacks.com/ap/VRA