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Perry Ellis International profit misses consensus by 62.3% in fiscal Q3

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.