By  on May 23, 2013

Perry Ellis International’s earnings benefited from the sale of assets in Asia in the first quarter but revenue took a hit from unseasonably cool spring weather and hesitant consumer spending.

Net income for the three months ended May 4 was $11.3 million, or 74 cents a diluted share, up 17 percent from $9.7 million, or 64 cents, from the year-ago quarter. PEI completed the sale of its John Henry trademarks in Asia during the quarter, resulting in a pretax gain of $6.3 million, or 22 cents a share.

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