By  on June 9, 2010

Oxford Industries Inc. on Tuesday reported an 89 percent jump in first-quarter profits and raised guidance for the year.

For the three months ended May 1, income was $12.5 million, or 76 cents a diluted share, versus income of $6.6 million, or 42 cents, a year ago. Analysts polled by Yahoo Finance on average expected EPS of 60 cents in the most recent quarter.

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