12:33 pm Vera Bradley Disappoints Badly with Q1 Results and Outlook
Vera Bradley (VRA 12.69, -1.45), the designer of women's handbags and other sundries, had a poor first quarter report. Today its stock is paying the price for that as well as the company's downtrodden guidance.
Excluding charges, the company's net income from continuing operations was just $0.1 million, or $0.00 per diluted share, for the first quarter. The latter was at the low end of the company's guidance, which was reduced sharply at the time of its fourth quarter report in March, and below analysts' …More