 Perry Ellis S/S 2011 |
Perry Ellis, whose brands include Laundry by Shelli Segal, Cubavera and Jantzen, reported a first-quarter net income of $15.4 million, or 99 cents a share, compared with $11.2 million, or 81 cents a share, a year ago.
Excluding items, the company earned $1.08 a share.
Revenue rose 31 percent to $288.3 million -- of which about 14 percent was contributed by Rafaella.
Analysts on average expected earnings of 99 cents a share, before special items, on revenue of $277.1 million, according to Thomson Reuters I/B/E/S.
In January, Perry Ellis announced it would buy Rafaella from Cerberus Capital Management for about $70 million. [ID:nSGE70609V]
Shares of Miami-based Perry Ellis closed at $29.50 on Friday on Nasdaq.
(Reporting by Mihir Dalal in Bangalore; Editing by Maju Samuel)