NEW YORK — The Talbots Inc. fell short of its year-ago profit performance, but it did manage to better its own guidance by a penny.

Boosted by stronger full-price selling in the latter part of the quarter, which offset decreased inventory for the chain’s semiannual summer clearance sales, Talbots posted a 7.6 percent decline in income for the second quarter ended Aug. 2 to $18.5 million, or 32 cents a diluted share, from $20 million, or 33 cents, in the same year-ago quarter. Wall Street consensus estimates were 31 cents, according to First Call.

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