Perry Ellis Profit, Sales Top Estimates | Fox Business

Clothing maker Perry Ellis International Inc. said Thursday it had net income of $9.4 million, or 62 cents a share, in the first quarter to May 2, up from $7.8 million, or 52 cents a share, in the year-earlier period. Excluding restructuring costs and other charges, per-share earnings came to 99 cents, well ahead of the FactSet consensus of 63 cents. Revenue came to $266.4 million, up from $257.3 million, and ahead of the FactSet consensus of $263 million. "Our results reflect the success of our strategy to expand core brands and higher margin businesses," Chief Executive Oscar Feldenkreis said in a statement. The company is now expecting fiscal 2016 revenue of $925 million to $935 million, compared with the FactSet consensus of $931 million. The company expects fiscal 2016 EPS ot $1.68 to $1.75, compared with the FactSet consensus of $1.49. Shares were not yet active in premarket trade, but are down 7.3% in the year so far, while the S&P 500 has gained 2%.