Perry Ellis International Inc. its normalized net income for the fiscal third quarter ended Nov. 1 came to 2 cents per share, compared with the S&P Capital IQ consensus estimate of 6 cents per share.
The per-share result swung to a profit from the prior-year loss of 18 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $315,630, compared with a loss of $2.8 million in the prior-year period.
The normalized profit margin increased to negative 0.2% from negative 1.2% in the year-earlier period.
Total revenue declined year over year to $211.4 million from $222.1 million, and total operating expenses declined 6.9% from the prior-year period to $207.4 million from $222.8 million.
Reported net income came to a loss of $448,620, or a loss of 3 cents per share, compared to a loss of $3.0 million, or a loss of 20 cents per share, in the year-earlier period.
