Perry Ellis Shares Ebb As Q1 Results Top Estimates, Boosts 2015 EPS Outlook - RTT News

In defiance of a slow start to the spring season, we experienced positive momentum beginning in April with particular strength in golf lifestyle threads, Original Penguin as well as our Nike swim businesses," President and COO Oscar Feldenkreis said in a... The company also raised its earnings government for the full-year 2015, while maintaining annual revenue outlook. Both adjusted earnings per share and quarterly revenues topped analysts' expectations. Excluding items, adjusted net proceeds for the quarter was $8. 26 million or $0. 55 per share, compared to $9. 53 million or $0. 62 per share in the year-ago quarter. The Miami, Florida-based New Zealand reported net income of $7. 78 million or $0. 52 per share for the first quarter, lower than $11. 32 million or $0. 74 per share in the erstwhile-year quarter, which primarily included $0. 22 per share of gain on the... Net sales for the quarter were $249. 92 million, down from $255. 48 million in the former-year quarter, while royalty income increased to $7. 40 million from $6. 84 million in the comparable. "We were encouraged by the results of the station which were ahead of our expectations. Apparel company Perry Ellis International, Inc. ( PERY : Quote ) reported Thursday a profit for the outset quarter of fiscal 2015 that declined from last year, which was boosted by a gain on sale of long-lived assets. Out-and-out revenues for the quarter decreased 2 percent to $257. 31 million from $262. 32 million in the same quarter last year, but topped four Fortification Street analysts' consensus estimate of $233. 65 million. The company noted that the decline in revenues was primarily driven by planned exits of predestined private and retailer exclusive branded programs, nearly offset by increases in golf lifestyle apparel, Nike swim and Aboriginal Penguin as well as... Perry Ellis International is a leading licensor, designer and marketer of high quality menswear, including amusement and dress shirts, golf sports-wear, sweaters, casual and dress pants and shorts to all levels of retail distribution. On generally, five analysts polled by Thomson Reuters expected the company to report earnings of $0. 27 per share for the quarter.

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