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Stock Market & Financial Investment News

News Breaks
January 28, 2013
11:53 EDTJOSB, MWJoS. A. Bank tumbles after warning net income set to plunge
Men's suit retailer JoS. A. Bank (JOSB) is sinking after the company announced late Friday night that its FY12 net income would likely drop about 20% compared with the previous year. In FY11 the retailer reported earnings per share, or EPS, of $3.49. Before Friday's announcement analysts had expected the company to report FY12 EPS of $3.76. JoS. A. Bank blamed several factors for the large decline in its earnings, including unseasonably warm weather and Hurricane Sandy, as well as consumer "distractions" from the presidential election and the fiscal cliff. The retailer said it remained very upbeat about its long-term outlook. In late morning trading, JoS. A. Bank tumbled $7.75, or 16.75%, to $38.52. Meanwhile, another suit retailer, The Men's Wearhouse (MW), fell $2.11, or 6.37%, to $31.04.
News For JOSB;MW From The Last 14 Days
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September 12, 2014
08:00 EDTMWMen's Wearhouse core strength offset by Jos. A. Bank, says Cowen
Cowen said the strength of the core business at Men's Wearhouse was offset by margin pressure in Jos. A. Bank, which has the potential to continue through the remainder of the year. The firm has lowered its expectations due to the pressure and feels the Street's earnings growth rate expectations for 2015 seem optimistic, though Cowen keeps its Outperform rating and $62 price target on the stock.
September 11, 2014
10:49 EDTMWHigh option volume stocks
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10:20 EDTMWMen's Wearhouse heads lower after initial bounce off lows
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09:57 EDTMWMen's Wearhouse backs EPS reaching at least $5.50 by 2017
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09:19 EDTMWMen's Wearhouse: Sales for Jos. A. Bank will be somewhat lumpy
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September 10, 2014
17:39 EDTMWMen's Wearhouse reports Q2 Jos. A. Bank SSS up 1%, Moores Q2 SSS up 10.2%
17:32 EDTMWMen's Wearhouse reports Q2 adjusted EPS $1.10, consensus $1.06
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15:50 EDTMWNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Restoration Hardware (RH), consensus 64c; Men's Wearhouse (MW), consensus $1.06; Five Below (FIVE), consensus 14c; Sigma Designs (SIGM), consensus (8c); Wet Seal (WTSL), consensus (9c).
15:36 EDTMWMen's Wearhouse September 55 straddle priced for 6.6% move into Q2
September 9, 2014
06:49 EDTMWMen's Wearhouse September volatility elevated into Q2
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September 3, 2014
06:07 EDTMWJos. A. Bank announces early termination agreement with Jim's Formal Wear
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