Vera Bradley Trims FY23 Outlook After Slipping To Loss In Q2

RTTNews | 1098天前
Vera Bradley Trims FY23 Outlook After Slipping To Loss In Q2

(RTTNews) - While reporting financial results for the second quarter on Wednesday, Vera Bradley, Inc. (VRA) trimmed its earnings and revenue guidance for the full-year 2023, as it expects the challenging macroeconomic environment to continue for the balance of the year.

For fiscal 2023, the company now projects consolidated earnings in a range of $0.20 to $0.28 per share on consolidated net revenues between $480 million and $490 million.

Previously, the company expected consolidated earnings in a range of $0.35 to $0.50 per share on consolidated net revenues between $490 million and $505 million.

On average, four analysts polled by Thomson Reuters expect the company to report revenues of $497.56 million for the year.

For the second quarter, the company reported a net loss attributable to Vera Bradley of $29.77 million or $0.95 per share, compared to net income of $9.05 million or $0.26 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter were $0.08 per share, compared to $0.28 per share in the year-ago quarter.

Net revenues for the quarter declined to $130.37 million from $147.05 million in the same quarter last year.

The Street was looking for revenues of $132.51 million for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
China Service Sector Growth Improves In August

China Service Sector Growth Improves In August

China's service sector growth accelerated in August driven by the strong upturn in new orders, survey data from S&P Global showed on Wednesday. The headline RatingDog services Purchasing Managers' Index rose unexpectedly to 53.0 in August from 52.6 in July. Economists expect the indicator to fall to 52.4. The rate of increase was the fastest seen since May 2024.
RTTNews | 8分鐘前
European Economic News Preview: Eurozone Final Composite PMI Data Due

European Economic News Preview: Eurozone Final Composite PMI Data Due

Final composite purchasing managers' survey results from the euro area and the UK are due on Wednesday, headlining a light day for the European economic news. At 3.15 am ET, S&P Global publishes Spain's composite and services PMI survey data. The services PMI is expected to fall to 54.4 in August from 55.1 in the previous month.
RTTNews | 37分鐘前
European Shares Seen Up In Cautious Trade

European Shares Seen Up In Cautious Trade

European stocks are seen opening slightly higher on Wednesday as bond yields stabilized after a spike overnight and a federal judge ruled against breaking up Google, fueling optimism that tech giants will be able to weather regulatory threats.
RTTNews | 1小時15分鐘前
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Wednesday, adding to the losses in the previous three sessions, with the benchmark S&P/ASX 200 falling well below the 8,900 level, following the broadly negative cues from Wall Street overnight, with weakness in financial and technology stocks partially offset by gains in mining stocks.
RTTNews | 2小時55分鐘前
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Wednesday, following the negative cues from Wall Street overnight, as traders remain cautious amid renewed uncertainty among various nations trading with the US, many of which have concluded tariff deals, after a US Appeals Court ruled that US President Donald Trump's "reciprocal tariffs" are illegal. Asian markets closed mixed on Tuesday.
RTTNews | 2小時58分鐘前
Sensex, Nifty Set To Open Lower Amid Rising Global Bond Yields

Sensex, Nifty Set To Open Lower Amid Rising Global Bond Yields

Indian shares look set to open on a weak note on Wednesday, with trade tensions and caution ahead of the two-day Goods and Services Tax (GST) Council meeting, scheduled for Sept 3-4, likely to keep investors on edge.
RTTNews | 4小時29分鐘前
Win Streak May End For Thai Stock Market

Win Streak May End For Thai Stock Market

The Thai stock market has moved higher in back-to-back sessions, adding more than a dozen points or 1 percent in that span. The Stock Exchange of Thailand now sits just shy of the 1,250-point plateau although the rally may stall on Wednesday.
RTTNews | 4小時52分鐘前