Tallahassee, FL 3/22/12 (StreetBeat) – Perry Ellis International Inc (Nasdaq: PERY) posted a quarterly profit that beat analysts' expectations, as discounts helped boost the clothes maker's sales.The company, whose brands include Laundry by Shelli Segal, Cubavera and Jantzen, posted a fourth-quarter profit of $1.8 million, or 12 cents a share, compared with $7.7 million, or 54 cents a share, last year.
Excluding items, it earned 38 cents a share.
Sales rose 11 percent to $229.4 million.
Analysts, on average, had expected earnings of 37 cents a share, on revenue of $229.3 million, according to Thomson Reuters I/B/E/S.
For fiscal 2013, the company expects adjusted earnings of $1.95 to $2.00 a share, on revenue of $990 million to $1 billion.
Analysts were expecting a profit of $2.14 a share, on revenue of $1.03 billion.
Perry Ellis shares, which have risen about 24 percent this year, closed at $17.89 on Wednesday on the Nasdaq.
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