By  on November 25, 2008

Perry Ellis International Inc. reported a decline in third-quarter profits and revenues Wednesday, but met the high end of its recently revised guidance.

For the three months ended Oct. 31, profits at the Miami-based apparel firm fell 41.4 percent to $5 million, or 33 cents a diluted share, from $8.5 million, or 55 cents a share, last year. Total revenues in the quarter dropped 2 percent to $222.8 million from $227.5 million a year ago.

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