Perry Ellis International (PERY) reported a second quarter net loss of $0.42 per share Wednesday morning, compared to the loss of $0.36 per share posted last year. The consensus estimate was for a loss of $0.57. The company expects to report full year 2010 EPS of $0.70 to $0.85, compared to the consensus estimate of $0.75.
Perry Ellis International traded to the upside until around mid-afternoon Wednesday and finished higher by $1.53 at $10.45 on above average volume. The stock rose above resistance and set over a 10-month high.
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