Vera Bradley Q3 Profit Down, Cuts FY14 Outlook - Quick Facts

(RTTNews) - Vera Bradley, Inc. (VRA) Wednesday reported third-quarter profit of $15.2 million or $0.37 per share, down from $17.7 million or $0.44 per share in the same period last year.

On average, 10 analysts polled by Thomson Reuters expected the company to earn $0.33 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues dropped to $130.1 million from $138.3 million last year. Analysts expected revenues of $129.27 million.

Looking ahead to the fourth quarter, the company has forecast earnings in the range of $0.44 to $0.47 per share, with revenues ranging between $145 million and $150 million.

Analysts currently expect the company to earn $0.56 per share on fourth-quarter revenues of $159.31 million.

For the fiscal 2014, the company has lowered its earnings outlook to a range of $1.41 to $1.44 per share from its previous guidance range of $1.47 to $1.52 per share.

Revenues are projected in the range of $523 million to $528 million, down from its previous guidance range of $535 million to $540 million. Analysts currently expect the company to report full-year earnings of $1.49 per share on revenues of $536.97 million.