RTTNews | Sep 2, 2020 09:55AM EDT

09:55 Wednesday, September 2, 2020 (RTTNews.com) - Shares of luggage and handbags designer Vera Bradley, Inc. (VRA) are climbing more than 24% Wednesday morning on better-than-expected second-quarter results.

The company reported adjusted earnings of $10.9 million or $0.07 per share compared with loss of $0.07 per share expected by analysts polled by Thomson Reuters.

Net revenues increased 10% year-over-year at $131.8 million for the second quarter.

Vera Bradley stock is currently trading at $6.71. It has traded in the range of $3.12- $12.75 in the past 52 weeks.

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