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: Shares of handbag maker Vera Bradley
So what: Revenue was actually better than expected, rising 19% to $101.4 million -- and so was profit. Earnings per share were $0.28, beating estimates of $0.27 from analysts, but earnings were down 33% from last year.
Now what: The move is a little curious considering Vera Bradley beat estimates slightly and also gave guidance in line with estimates. Investors may have been expecting a blowout like they have gotten the last two quarters but I don’t see the quarter as being all that bad. I think today’s drop is a buying opportunity for investors considering the company’s continued solid growth.
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