Vera Bradley stock jumps after revenue beats

Vera Bradley Inc. stock jumped 7.3% in Wednesday premarket trading after the handbag and accessories company reported fiscal first-quarter sales that beat consensus. Vera Bradley reported a loss of $2.4 million, or 7 cents per share, after a loss of $1.37 million, or 4 cents per share, last year. Revenue was $91.0 million, up from $86.6 million last year. The FactSet consensus was for a loss of 7 cents per share and revenue of $87.9 million. For the second quarter, Vera Bradley expects revenue of $115 million to $120 million and EPS of 25 cents to 28 cents. The FactSet consensus is for revenue of $114.3 million and EPS of 29 cents. For the year, Vera Bradley is guiding for sales of $425 million to $440 million and EPS of 67 cents to 74 cents. FactSet expects sales of $426.9 million and EPS of 69 cents. Vera Bradley shares have gained 30% for the year to date, outpacing the S&P 500 index , which is up 11.8% for the period.

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