By  on December 10, 2009

Oxford Industries Inc. reported double-digit declines in its top and bottom lines in the third quarter, but beat analysts’ expectations and offered better-than-expected guidance for the current quarter.

For the three months ended Oct. 31, the Atlanta-based apparel maker recorded an 11.2 percent decline in profits to $4.2 million, or 27 cents a diluted share, from $4.8 million, or 31 cents a share, a year ago.

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