By  on November 30, 2017

Shares of Perry Ellis International Inc. fell 3.4 percent in midmorning trading Thursday after the company posted third-quarter results that essentially met Wall Street’s expectations.

For the three months ended Oct. 28, the company swung to the black with net income of $3.2 million, or 21 cents per diluted share, against a net loss of $5.2 million, or 34 cents, a year ago. On an adjusted basis, diluted EPS was 25 cents, versus 23 cents a year ago. Total revenues were up 2.5 percent to $198.8 million from $194 million, which included a 2.7 percent gain in net sales to $190.4 million. The balance of revenue came from royalty income.

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