Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: This morning, shares of Vera Bradley
So what: The news of the day was earnings of $6 million, or $0.17 per share, on revenue of $91.6 million. Earnings would have been $0.25 per share if not for IPO charges and adjustments for income taxes.
Now what: Some big sellers hit the stock early before seeing Vera Bradley actually beat estimates on an adjusted basis. The market turned around, and the stock has seen positive territory for some of the day, but this morning there was definitely some confusion. Solid earnings last quarter should be a catalyst to move the stock higher, but I'm a little tepid considering the wild swing this morning.
Interested in more info on Vera Bradley? Add it to your watchlist.
Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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