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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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October 20, 2014
17:26 EDTMWSAB Capital Advisors reports 5.1% passive stake in Men's Wearhouse
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October 9, 2014
10:00 EDTMWOn The Fly: Analyst Initiation Summary
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05:42 EDTMWMen's Wearhouse initiated with a Buy at Jefferies
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