Vera Bradley Q3 Profit Declines; Sees Q4 Profit Below Consensus

(RTTNews) - Vera Bradley, Inc. (VRA) reported net income for the third quarter of $6.9 million or $0.17 per share, compared to $15.2 million or $0.37 per share in the comparable quarter last year.

Net revenues for the latest third quarter fell to $125.20 million from $128.95 million in the prior year period.

On average, analysts polled by Thomson Reuters expected the company to earn $0.19 per share on revenue of $127.52 million for the third quarter.

Looking ahead to the fourth quarter of fiscal 2015, the company forecasts earnings per share from continuing operations of $0.43 to $0.47 and net revenues in the range of $158 million to $163 million. Analysts currently expect the company to earn $0.50 per share on revenue of $168.00 million for the fourth quarter.

For fiscal 2015, the company now expects earnings per share from continuing operations to be in the range of $1.00 to $1.05 and revenues in the range of $514 million to $520 million.

Earlier, the company expected fiscal 2015 earnings per share from continuing operations to be in the range of $1.00 to $1.10 and revenues in the range of $520 million to $530 million.

Analysts currently expect the company to earn $1.04 per share on revenue of $527.17 million for the fiscal year 2015.