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Why Shares of Vera Bradley Rocketed Higher Today

TheMotleyFool 
0 0 06.12.17
Why Shares of Vera Bradley Rocketed Higher TodayPhoto, wide shot, wide-angle lens, Toy manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by David Maisel: https://img.theapi.app/temp/2788fcd3-d339-4592-8f5c-a3b9125dc61f.png
 
Why Shares of Vera Bradley Rocketed Higher Today

Shares of Vera Bradley (NASDAQ: VRA) soared on Wednesday after the company reported mixed third-quarter results. While revenue tumbled due to a decline in comparable sales, both earnings and fourth-quarter guidance came in ahead of analyst expectations. The stock was up about 29.5% at 11:45 a.m. EST.

Vera Bradley reported third-quarter revenue of $114.1 million, down 9.9% year over year and about $0.5 million below the average analyst estimate. Direct segment revenue dropped 3.4% year over year to $83.2 million, while indirect segment revenue slumped 23.8% to $30.9 million. Comparable-store sales fell 6.9%, and e-commerce sales fell 8.9%.

Image source: Vera Bradley.

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Source: Fool.com

Vera Bradley Inc. Stock

€2.54
-3.200%
Heavy losses for Vera Bradley Inc. today as the stock fell by -€0.084 (-3.200%).

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