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Shares pointing to iPhone 5 cases Vera Bradley, Inc. (NASDAQ: VRA) tumbled over 11 percent to be able to pre-market trading after the company experienced weaker-than-expected results for the first share and issued a weak calculate.
The Roanoke, Indiana-based company publicised a quarterly net loss with continuing operations of $4. 6 million, or $0. 10 each share, down from $6. some million, or $0. 17 each share, in the year-ago period. Leaving to one side charges, the company's net income from lasting operations came in at $0. 00 per share.
Its net earnings from continuing operations slipped at $101. 1 million from $112. 2 million. However , analysts appeared expecting a profit of $0. 02 per share on revenue pointing to $105. 48 million.
The average calculate approximately among 6 Estimize users turned out to be for earnings of $0. 02 per share and revenue pointing to $106. 18 million.
Direct area revenue slipped 2 . 4 portion to $70. 4 million with $72. 2 million, while roundabout segment revenue fell 23. a lot more percent to $30. 7 100 thousands from $40. 0 million.
Same sales (including e-commerce) dropped dezesseis. 9 percent in the quarter. Same store sales dipped 22. a lot more percent, while e-commerce sales rejected 9. 7 percent.
Excluding fees, gross profit for the latest share came in at $55. 1 100 thousands, or 54. 5 percent of resulting revenue, from $59. 8 100 thousands, or 53. 3 percent pointing to net revenue in the year-ago share.
During the first quarter, Vera Bradley repurchased around 425, 000 gives at an average price of $16. 85.
As of May 2, 2015, dollars and cash equivalents increased at $96. 6 million, versus $81. 5 million at the end of year-ago share.
Robert Wallstrom, Chief Executive Officer, said, "Excluding the previously outlined charges, you achieved first quarter diluted EPS at the low end of our guidance. Greatly reduce promotional activity led to better-than-planned major margin rate performance while rétribution fell below our expectations. micron
The executive added, "The increase we continue to make on our key endeavors is not yet reflected in our ongoing financial results. We are not drawing enough new customers to the brand, and then traffic and sales are still much more challenging. "
Vera Bradley ventures Q2 earnings from continuing jobs of $0. 10 to $0. 13 per share, on transactions of $116 million to $120 million. Analysts had expected a salary of $0. 17 per percentage on sales of $121. a million.
The company expects FY16 a salary from continuing operations of $0. 64 to $0. 74, at revenue of $480 million at $495 million. Analysts had expected earnings of $0. 84 each share on revenue of $513 million.
Vera Bradley shares dropped 11. 60 percent to $12. 50 in pre-market trading.
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