Vera Bradley Q2 EPS $0.33 Beats $0.12 Estimate, Sales $128.20M Miss $130.95M Estimate
Portfolio Pulse from Benzinga Newsdesk
Vera Bradley (NASDAQ:VRA) reported Q2 earnings of $0.33 per share, beating the analyst consensus estimate of $0.12 by 175%. This is a 312.5% increase from the same period last year. However, the company's quarterly sales of $128.20 million missed the analyst consensus estimate of $130.95 million by 2.10%, marking a 1.67% decrease from the same period last year.
August 30, 2023 | 12:02 pm
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Vera Bradley's Q2 earnings exceeded expectations, but sales fell short of estimates. This mixed report could lead to uncertainty in the market.
Vera Bradley's earnings beat estimates, which is positive for the stock. However, the missed sales estimate could negatively impact the stock as it indicates potential weakness in revenue generation. The mixed results could lead to uncertainty in the market, making it difficult to predict the short-term price direction.
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