By  on November 14, 2008

Shares of Perry Ellis Inter­national Inc. fell more than 30 percent Thursday after the company revealed lower third-quarter earnings, slashed the full-year forecast and started a review of its underperforming businesses.

Earnings for the third quarter ended Oct. 31 are now expected to be 30 to 33 cents a diluted share, below the 55 cents in last year’s quarter and the identical consensus estimate for the just completed period. Revenues are expected to drop 2 percent to $222.8 million from $227.5 million.

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