Vera Bradley posts bigger profit
May 31 (Reuters) - Vera Bradley Inc's posted a bigger quarterly profit on a 16 percent rise in revenue, prompting the handbag maker to forecast a strong second quarter.
For the first quarter ended April 28, the company earned $12.6 million, or 31 cents a share, compared with $11.2 million, or 28 cents a share, last year.
Shares of the company rose 9 percent to $23.92 after the bell.
Fort Wayne, Indiana-based Vera Bradley expects revenue for the second quarter to be between $121 million to $123 million, compared with $104 million last year. Earnings are expected to be between 34 cents and 36 cents a share.
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