Want to join the conversation?
$VRA expects 3Q17 net revenues of $128-133MM, gross margin of 58-58.5% and EPS of $0.22-0.24. The EPS forecast is based on diluted weighted-average shares outstanding of 36.6MM and an effective tax rate of 38.1%. The company predicts selling, general and administrative expenses as percentage of revenue of 47.6-48.6% and inventory of $95-100MM.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.