Perry Ellis International (PERY) reported fourth quarter adjusted net income of $0.50 per share Thursday morning, up from $0.38 per share in the prior year. The consensus estimate was for EPS of $0.48. The company expects to report full year 2014 adjusted EPS of $1.50 to $1.60. The consensus estimate is for EPS of $1.60.
Perry Ellis International gapped up Thursday and has been rising for the majority of early trade. The stock is now up 1.22 at $18.62 on above average volume. Perry Ellis has risen to over a 1-month high and has re-crossed its 50-day moving average.
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