Vera Bradley Q3 Adj. EPS $0.19 Beats $0.09 Estimate, Sales $114.99M Miss $123.09M Estimate
Portfolio Pulse from Benzinga Newsdesk
Vera Bradley reported Q3 adjusted earnings of $0.19 per share, surpassing the $0.09 estimate, but sales of $114.99M fell short of the expected $123.09M. Earnings decreased by 5% and sales by 7.3% compared to the same quarter last year.
December 06, 2023 | 1:02 pm
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Vera Bradley's Q3 earnings exceeded expectations at $0.19 per share, but revenues missed estimates, coming in at $114.99M versus the anticipated $123.09M.
While the earnings per share beat could be seen as a positive signal, the miss on revenue is a concern and may reflect underlying challenges in sales growth or market conditions. The mixed results could lead to short-term volatility as the market digests both the positive and negative aspects of the report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100