Courtesy of Benzinga.
Perry Ellis International Inc (NASDAQ: PERY) reported a better-than-expected fourth-quarter profit.
Perry Ellis’ quarterly profit dropped to $1.8 million, or $0.12 per share, from $7.7 million, or $0.54 per share, in the year-ago period. Excluding items, Perry Ellis earned $0.38 per share. Its sales climbed 11% to $229.4 million.
Analysts were expecting earnings of $0.37 per share on revenue of $229.3 million.
For fiscal 2013, Perry Ellis projects adjusted earnings of $1.95 to $2.00 per share, on revenue of $990 million to $1 billion. However, analysts were projecting earnings of $2.14 per share on revenue of $1.03 billion.
Perry Ellis shares closed at $17.89 yesterday.
For more Benzinga, visit Benzinga Professional Service, Value Investor, and Stocks Under $5.