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Vera Bradley profit beats consensus by 36.2% in fiscal Q2

Vera Bradley Inc. said its normalized net income for the fiscal second quarter ended July 30 amounted to 18 cents per share, compared with the S&P Capital IQ consensus estimate of 13 cents per share.

EPS rose 21.8% year over year from 15 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $6.8 million, a gain of 14.9% from $5.9 million in the second quarter ended Aug. 1, 2015.

The normalized profit margin climbed to 5.6% from 4.9% in the year-earlier period.

Total revenue fell on an annual basis to $119.2 million from $120.7 million, and total operating expenses decreased on an annual basis to $108.4 million from $111.2 million.

Reported net income fell 11.9% on an annual basis to $5.2 million, or 14 cents per share, from $5.9 million, or 15 cents per share.