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Stock Market & Financial Investment News

News Breaks
January 28, 2013
11:53 EDTMW, JOSBJoS. 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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December 18, 2014
16:55 EDTMWEminence Capital reports 11.9% stake in Men's Wearhouse
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16:34 EDTMWMen's Wearhouse, Eminence in standstill agreement amendment
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December 11, 2014
10:21 EDTMWHigh option volume stocks
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December 10, 2014
19:18 EDTMWMen's Wearhouse reports Q3 adjusted EPS 83c, consensus 87c
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18:31 EDTMWOn The Fly: After Hours Movers
UP AFTER EARNINGS: Restoration Hardware (RH), up 5.9%... Casey's General Stores (CASY), up 1.6%. ALSO HIGHER: Walgreen (WAG), up 1.7% after CEO Greg Wasson announces intention to retire after Alliance merger. DOWN AFTER EARNINGS: Wet Seal (WTSL), down 38.9%... Lakeland Industries (LAKE), down 8.2%... Men's Wearhouse (MW), down fractionally. ALSO LOWER: Burlington Stores (BURL), down 1.4% after filing to sell 8M shares of common stock for holders... Nielsen (NLSN), down 1.9% after filing to sell 20M shares of common stock for holders.
15:25 EDTMWNotable companies reporting after market close
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14:41 EDTMWMen's Wearhouse volatility increases into Q3 and outlook
Men's Wearhouse December call option implied volatility is at 69, January is at 43, February is at 36; compared to its 26-week average of 34 according to Track Data, suggesting large near term price movement into the expected release of Q3 results.

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