Perry Ellis International Earnings: Here’s Why Shares are Up Now
Perry Ellis International Inc. (NASDAQ:PERY) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 2.82%.
Perry Ellis International Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 31.58% to $0.50 in the quarter versus EPS of $0.38 in the year-earlier quarter.
Revenue: Rose 12.57% to $258.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Perry Ellis International Inc. reported adjusted EPS income of $0.50 per share. By that measure, the company beat the mean analyst estimate of $0.48. It beat the average revenue estimate of $258.29 million.
Quoting Management: Oscar Feldenkreis, president and chief operating officer of Perry Ellis International commented, “We ended fiscal 2013 positively, reporting strong fourth quarter results and achieving progress on our objectives. Most rewarding is the improvement generated within our Perry Ellis and Rafaella sportswear collections. We were also pleased to see continued positive momentum for our Golf lifestyle apparel across all brands and our Direct to Consumer business, which delivered positive comparable store sales in the quarter.”
Key Stats (on next page)…