Perry Ellis International (PERY) Reports Q2 Earnings, Lowers FY EPS Outlook
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Perry Ellis International, Inc. (NASDAQ: PERY) reports Q2 EPS of $0.06 (ex-items) vs. consensus for $0.02 loss - may not be comparable. For the second quarter of fiscal 2009, total revenues were $193.7 million vs. $197.86 million consensus.
The Company confirmed its FY revenue guidance at $910 - $925 million vs. consensus of $933.51 million.
However, based on events and increases in ongoing expenses, the Company updated its earnings guidance to the range of $1.67 to $1.72 per fully diluted share from the previously announced $1.95 to $2.00 per fully diluted share. This new range includes the $0.08 non-cash impairment charge for marketable securities incurred this quarter. (Consensus is $2.00)
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