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Perry Ellis Reports Second Quarter Loss

Perry Ellis International Inc. on Thursday reported a loss of $1.3 million in its fiscal second quarter. The results beat Wall Street expectations.
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  • Associated Press

MIAMI, United States — Perry Ellis International Inc. on Thursday reported a loss of $1.3 million in its fiscal second quarter.

The Miami-based company said it had a loss of 9 cents per share. Earnings, adjusted for one-time gains and costs, came to 31 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.

The clothing maker posted revenue of $213.3 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $203.5 million.

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Perry Ellis expects full-year earnings in the range of $1.78 to $1.85 per share, with revenue in the range of $925 million to $935 million.

Perry Ellis shares have fallen slightly more than 9 percent since the beginning of the year. The stock has risen 25 percent in the last 12 months.

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