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Vera Bradley (VRA) Stock Gains on Q2 Beat

NEW YORK (TheStreet) -- Shares of Vera Bradley (VRA) were surging 8.82% to $16.28 on heavy trading volume late Thursday afternoon after reporting better-than-expected earnings and revenue for the fiscal 2017 second quarter.

Before the market open, the Roanoke, IN-based accessories retailer reported earnings of 14 cents per diluted share, topping analysts' estimates of 13 cents per share.

Revenue fell to $119.2 million from $120.7 million a year ago but beat analysts' projections of $118.7 million. Same-store...