Perry Ellis Reports 4Q Loss

MIAMI, United States — Perry Ellis International Inc. on Thursday reported a loss of $42.9 million in its fiscal fourth quarter.

On a per-share basis, the Miami-based company said it had a loss of $2.90. Earnings, adjusted for pretax expenses and non-recurring costs, were 7 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.

The clothing maker posted revenue of $217.7 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $217.6 million.

For the year, the company reported that its loss widened to $37.2 million, or $2.50 per share. Revenue was reported as $890 million.

Perry Ellis expects full-year earnings to be $1.25 to $1.35 per share, with revenue in the range of $925 million to $935 million.

Perry Ellis shares have fallen nearly 9 percent since the beginning of the year. The stock has climbed 71 percent in the last 12 months.