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Stock Market & Financial Investment News

News Breaks
June 5, 2014
08:06 EDTVRAVera Bradley reports Q1 EPS 16c, consensus 13c
Reports Q1 revenue $113.5M, consensus $118.41M. The company said, "While our Q1 revenues were modestly below our expectations, we were able to post EPS above our guidance due to better than expected gross margin and expense performance. However, we continue to face a difficult environment, one that is proving much more challenging than we anticipated just two short months ago. The sales miss to guidance primarily was due to lower than expected orders from the company's Indirect specialty retail partners, weaker than expected comparable store sales performance in the Company's retail stores, and a shortfall at the company's annual outlet sale. "
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