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Perry Ellis International

November 18, 2011

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The designer of men’s sportswear dropped on third-quarter sales and profit that missed estimates. The company also cut its annual forecast. Profit for the period was 40 cents a share on revenue of $248.4 million, the Miami company said. Analysts expected an average 61 cents on $254.1 million. Promotional markdowns and higher development spending hurt results, the company said.

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