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Perry Ellis beats 2Q earnings forecasts

August 21, 2014

MIAMI (AP) Perry Ellis International Inc. (PERY) on Thursday reported a loss of $1.6 million in its fiscal second quarter.

The Miami-based company said it had a loss of 11 cents per share. Losses, adjusted for one-time gains and costs, came to 8 cents per share.

The results surpassed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.

The company posted revenue of $203.5 million in the period.

Perry Ellis released its full-year outlook. It expects annual earnings to be in the range of 85 cents to 95 cents, with revenue in the range of $910 million to $920 million.

Perry Ellis shares have climbed 22 percent since the beginning of the year. The stock has dropped 1 percent in the last 12 months.

This story was generated automatically by Automated Insights ( ) using data from Zacks Investment Research. Full PERY report:

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Source: Associated Press

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