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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