By  on March 16, 2018

Investors sent shares of Perry Ellis International Inc. down in morning trading Friday, after the company provided fiscal year 2019 guidance that was lower than Wall Street’s consensus estimates.

The firm also said fourth-quarter net income was $39.7 million, or $2.56 a diluted share, up from $9 million, or 59 cents, a year ago. Excluding adjustments for items such as impairment of long-lived assets and costs of exited brands as well as streamlining of operations, net income for the quarter was $13.6 million, or 88 cents a diluted share, which was still up from a year ago.

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