Perry Ellis Q3 Loss Narrows; Backs FY15 Outlook - Quick Facts

(RTTNews) - Perry Ellis International, Inc. (PERY) reported that its third-quarter net loss narrowed to $0.4 million or $0.03 per share, from $3.0 million or $0.20 per share, in the comparable quarter last year.

Adjusted net income for the latest third quarter was $0.4 million or $0.03 per share, compared to net loss of $2.3 million or $0.15 per share in the prior year quarter. On average, five analysts polled by Thomson Reuters expected the company to report earnings per share of $0.06 for the quarter. Analysts' estimates typically exclude special items.

Total revenues decreased 5% to $211.44 million from $222.12 million, last year, while four analysts expected revenue of $215.11 million for the quarter. The company noted that its revenues were impacted by planned exits of certain private and retailer exclusive branded programs.

For fiscal 2015, the company continues to expect adjusted earnings per share in a range of $0.85 to $0.95 and total revenues in a range of $910 to $920 million. Analysts expect the company to report fiscal 2015 earnings per share of $0.94 on revenue of $916.68 million.