UPDATE: Perry Ellis Posts Q4 Net Loss

Perry Ellis International

posted a loss in the fiscal fourth quarter. Perry Ellis swung to a quarterly loss of $28.2 million, or $1.91 per share, versus a year-ago profit of $4.4 million, or $0.28 per share. Excluding special items, it earned $0.06 per share. Its revenue slipped 16% to $216.1 million. Perry Ellis in February expected earnings of $0.02 per share to $0.05 per share on 16% fall in revenue. Its gross margin rose to 34.3% versus 32.6%. For the new year, the company expected earnings of $0.75 to $0.90 per share on revenue of $910 million to $920 million. However, analysts projected earnings of $0.85 per share on revenue of $919 million. Perry Ellis shares gained 2.46% to $14.60 in pre-market trading.