Vera Bradley (NASDAQ:VRA) Posts Earnings Results, Misses Expectations By $0.40 EPS

Vera Bradley (NASDAQ:VRA) announced its quarterly earnings results on Wednesday. The textile maker reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.40), Zacks reports. Vera Bradley had a negative net margin of 4.21% and a negative return on equity of 2.74%.

Vera Bradley Stock Down 11.1 %

Vera Bradley stock traded down $0.30 during midday trading on Wednesday, hitting $2.42. 252,304 shares of the stock were exchanged, compared to its average volume of 345,824. The stock has a market capitalization of $67.07 million, a price-to-earnings ratio of -4.16 and a beta of 1.99. The business’s 50-day moving average price is $3.48 and its 200-day moving average price is $4.52. Vera Bradley has a 52-week low of $2.06 and a 52-week high of $8.33.

Vera Bradley Company Profile

Vera Bradley, Inc, together with its subsidiaries, designs, manufactures, and sells women’s handbags, luggage and travel items, fashion and home accessories, and gifts. It operates through three segments: Vera Bradley Direct, Vera Bradley Indirect, and Pura Vida. The company offers bag products, such as totes, crossbodies, satchels, clutches, backpacks, baby bags, and lunch bags; accessories, including ID holders, lanyards, wallets, wristlets, eyewear, scarves, hair accessories, and various technology accessories; bracelets, rings, and necklaces under Pura Vida brand name; and travel products consist of rolling luggage, cosmetics, and travel and packing accessories, as well as travel bags comprising duffel and weekend bags.