By  on August 16, 2012

Strength in golf, women’s contemporary merchandise and direct-to-consumer was not enough to keep Perry Ellis International out of the red in the second quarter — or to keep shareholders happy.

The company weathered underperformance in its Perry Ellis and Rafaella businesses, missed analysts’ estimates for the quarter, reduced its annual profit guidance and saw its stock drop 16.4 percent to $18.62 in late morning trading on Wall Street.

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