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Strategies & Market Trends : 50% Gains Investing

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To: Paul Senior who wrote (30864)8/21/2002 1:24:00 PM
From: Dale BakerRead Replies (1) of 118717
 
More on PERY - Before Wednesday's opening bell, the Miami design apparel firm reported second-quarter earnings of $2.2 million, or 34 cents a share, up from its year-ago profit of $1.5 million, or 23 cents a share. Revenue slipped to $64 million in the latest three months from $65.6 million in the same period a year earlier. However, the performance of the company's recently acquired Jantzen swimwear business may be distressing investors. The company said that the acquisition of Jantzen decreased earnings by 10 cents per share in the quarter, and that, due to the seasonality of its business, Perry Ellis doesn't expect a positive contribution from Jantzen until the fourth quarter of this year.
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