- Admin
- #1
ROANOKE, Ind. (AP) _ Vera Bradley Inc. (VRA) on Wednesday reported fiscal third-quarter net income of $8.9 million. The Roanoke, Indiana-based company said it had net income of 26 cents per share. Earnings, adjusted for non-recurring costs, came to 30 cents per share. The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share. The handbag and accessories company posted revenue of $124.8 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $130.7 million. Vera Bradley shares have declined 29% since the beginning of the year. The stock has fallen 31% in the last 12 months. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VRA at https://www.zacks.com/ap/VRA The Associated Press