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Vera Bradley flies after fiscal 4Q earnings top expectations on strong online sales

The handbag and accessories company posted revenue of $118.2 million
Vera Bradley handbags
Vera Bradley designs, manufactures and sells women's handbags, luggage, fashion and home accessories

Vera Bradley Inc (NASDAQ:VRA) shares soared Wednesday after the designer of handbags and fashion accessories topped fiscal fourth-quarter earnings, above consensus forecasts and its own guidance.

Shares jumped 20.7% to $13.49 in morning trade.

For the fiscal fourth quarter, the Roanoke, Indiana-based company posted earnings of $8.6 million, or $0.25 per share, a cent above the estimate of analysts and at the high end of the company's guidance range of $0.22 to $0.25.

READ: Vera Bradley falls short of Street's fiscal 3Q estimates as key sales figure plummets

The handbag and accessories company posted revenue of $118.2 million in the period.

For the full year, Vera Bradley earned $20.8 million, or $0.59 a share, above analysts' estimates of $0.58 a share.

CEO Robert Wallstrom noted that the company saw strong customer count in its full-line stores and on verabradley.com.

Vera Bradley designs, manufactures and sells women's handbags, luggage, fashion and home accessories.

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September 02 2015
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