Perry Ellis International Issues Q4 Outlook

(RTTNews) - Perry Ellis International Inc. (PERY) Monday issued a guidance for the fourth quarter, and lowered its full-year 2014 outlook.

For the fourth quarter, the company expects adjusted earnings of $0.02 to $0.05 per share and anticipates revenue to decline 16 percent to about $216 million.

Analysts polled by Thomson Reuters currently estimate earnings of $0.65 and revenues of $268.1 million for the quarter.

For the full year 2014, the company now expects adjusted earnings of $0.34 to $0.37 per share and revenues of about $912 million.

Analysts currently estimate earnings $0.97 per share on revenues of $964.25 million for 2014.

Earlier, the company expected adjusted earnings of $0.95 to $1.01 per share and revenues of $960 million to $970 million.

For the full year 2015, the company expects revenue of $960 million to $970 million. Analysts currently see revenues of $1.0 billion.