Perry Ellis International Inc, ( PERY: chart), said the revenue decline was related to previously announced reductions of private label and branded programs at a national mid tier chain, the impact of closures of Federated locations due to that company''s merger with May Co. and a reduction in off price sales. Looking ahead, Perry Ellis confirmed its outlook for pro forma earnings of $2.30 and $2.40 per share for the year but said it sees revenue at the lower end of its previously announced range of $860 million to $870 million.
Persimmon, ( PSN: chart), U.K. home builder, reported that first-half adjusted profit before tax advanced 16% to 271.5 million pounds ($513 million), with 42% revenue growth to 1.5 billion pounds. Home completions jumped by more than 38% to 8,226 units, it stated, and the integration of Westbury has been completed ahead of expectations. The company lifted its dividend by 15% to 13.8 pence a share.
Harris Interactive Inc, ( HPOL: chart), market research firm, reported Q4 net profit more than doubled to 5 cents a share, from 2 cents a share a year ago on 10.7% revenue growth, topping analysts’ expectations by a penny. The company said its figures were driven by solid revenue growth from its European and global Internet units. Harris Interactive added that it sees first-half 2007 earnings of between 9 cents a share and 10 cents a share and revenue of between $108 million and $113 million. |