Vera Bradley Q2 Profit Rises; Cuts FY14 Outlook - Quick Facts

(RTTNews) - Vera Bradley, Inc. (VRA) reported net income for the second quarter of $14.95 million, or $0.37 per share, compared to $13.37 million, or $0.33 per share, in the year-ago quarter.

Net revenues for the latest second quarter grew 1.9% to $125.37 million from $123.04 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.32 per share on revenue of $124.51 million for the second quarter.

Looking forward to the third quarter, the company forecasts earnings in the range of $0.33 to $0.35 per share and net revenues of $128 million to $130 million. Analysts currently expect the company to earn $0.48 per share on revenue of $146.66 million for the third quarter.

For fiscal 2014, the company now forecasts earnings of $1.47 to $1.52 per share and net revenues of $535 million to $540 million. Previously, the company forecast earnings of $1.74 to $1.78 per share and net revenues of $570 million to $575 million. Analysts currently expect the company to earn $1.71 per share on revenues of $570.80 million for fiscal 2014.