By and  on December 10, 2008

Oxford Industries Inc. Tuesday reported sharply lower earnings and sales for the third quarter and reduced full-year guidance.

In the three months ended Nov. 1, net income slid 65.1 percent to $4.8 million, or 31 cents a diluted share, from $13.7 million, or 76 cents, in the year-ago quarter. Excluding 7 cents a share in special charges, earning per share was 38 cents a share, 7 cents less than analysts’ consensus estimates.

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