Perry Ellis (NASDAQ: PERY) reported late Tuesday that its fiscal 2010 earnings should come in at or above the high end of its prior forecast, according to Associated Press.
The company also released a more positive forecast for 2011.
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The clothier expects a profit of $1.25 to $1.40 per share next year, which tops predictions of $1.25 by analysts polled by Thomson Reuters. The highest estimate from the five analysts polled was for a profit of $1.35.
The company also said it expects revenue of $770 million to $790 million. That's about in line with analysts expectations of $788.4 million.
Perry Ellis earlier said profit for 2010 would be between 80 cents to 95 cents per share.
Shares of Perry Ellis International Inc. rose $2.89, or 17.6 percent to $19.29 on Wednesday afternoon
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