Vera Bradley (VRA) reported earnings on Wed 13 March 19 (b/o)

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ROANOKE, Ind. (AP) _ Vera Bradley Inc. (VRA) on Wednesday reported fiscal fourth-quarter net income of $8.6 million.

On a per-share basis, the Roanoke, Indiana-based company said it had net income of 25 cents.

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

For the year, the company reported profit of $20.8 million, or 59 cents per share. Revenue was reported as $416.1 million.

For the current quarter ending in May, Vera Bradley said it expects revenue in the range of $86 million to $91 million. Analysts surveyed by Zacks had expected revenue of $87.3 million.

The company expects full-year earnings to be 64 cents to 74 cents per share, with revenue ranging from $420 million to $440 million.

Vera Bradley shares have risen 31 percent since the beginning of the year. The stock has risen 11 percent in the last 12 months.

Co topped estimates for Q4 EPS and revs (fell 10.5% year/year to $118.2 mln, near the high end of co's prior guidance) and issued upside guidance for Q1 revs and FY20 EPS and revs while guiding Q1 EPS below estimates. Co detailed progress made toward its Vision 20/20 three-year plan to restore business and brand health in FY19 -- which included SG&A reductions, restorations of full-price selling, pursuit of a Digital-First strategy, and increases in cash and investment balances -- and discussed plans for FY20 -- including goals to return to positive comp sales growth for the year.