Tommy Bahama Parent Oxford Rises On Earnings Beat

Oxford Industries Inc. said Thursday it earned 96 cents a share in the fourth quarter, compared with 91 cents a share a year ago. Sales rose to $274.5 million in the quarter, compared to $250 million a year ago. Adjusted for one-time items, the company said it earned $1.08 a share, versus 89 cents a year ago. Analysts polled by FactSet had expected adjusted earnings of $1.03 a share on sales of $274 million. Sales at Tommy Bahama, one of Oxford Industries' brands, rose 11% in the quarter, the company said. Oxford Industries' brands also include Lilly Pulitzer and Lanier Clothes. Shares of Oxford Industries rose 11% in after-hours trading after ending the regular session up 3.4%.