Vera Bradley (VRA) Tops Q2 EPS by 3c, Beats on Revenues
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Vera Bradley (NASDAQ: VRA) reported Q2 EPS of $0.13, $0.03 better than the analyst estimate of $0.10. Revenue for the quarter came in at $112.4 million versus the consensus estimate of $111.72 million.
- Second quarter net revenues totaled $112.4 million, in line with guidance
- Second quarter net income on a GAAP basis totaled $2.2 million, or $0.06 per diluted share; second quarter net income on a non-GAAP basis (excluding certain consulting, severance, and lease termination charges) totaled $4.6 million, or $0.13 per diluted share
- Company ended the second quarter with a strong cash and investment position of $102.3 million and no debt
- Management narrows guidance range for the balance of the year
- Company announces its Vision 20/20 plan for the future
For earnings history and earnings-related data on Vera Bradley (VRA) click here.
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