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News Breaks | | | | January 28, 2013 | | 11:53 EDT |  | JOSB, MW | JoS. 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. | |
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News For JOSB;MW From The Last 14 Days Check below for free stories on JOSB;MW the last two weeks. |
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| May 15, 2013 | | 17:30 EDT | | JOSB | Relational Investors gives quarterly update on stakes
 Subscribe for More Information | | | May 13, 2013 | | 16:25 EDT |  | JOSB | On The Fly: Closing Wrap
Stocks on Wall Street were little changed from their opening levels as investors weighed the potential end of the Fed's quantitative easing program against a better than expected report on retail sales. The Wall Street Journal's Jon Hilsenrath suggested in a report over the weekend that the Federal Reserve has mapped a QE exit strategy. The report paired with the retail sales data left the market lacking conviction in either direction today, as the averages spent the majority of the session range-bound near the flatline. ECONOMIC EVENTS: In the U.S., retail sales rose 0.1% in April, which beat expectations for a 0.3% decline. Retail sales excluding autos, gas, and building materials rose 0.6%, which was also better than expected. Business inventories were flat in March, versus expectations for a 0.3% gain. In Asia, Chinese factory output grew 9.3% annually in April, which was up from 8.9% in March but still missed expectations for a 9.5% growth rate. COMPANY NEWS: The Supreme Court ruled unanimously that Monsanto's (MON) patented genetically altered soybeans are protected and that farmers cannot use them to create new seeds without paying the company... Dell's (DELL) special committee publicly asked for more information from Carl Icahn and Southeastern Asset Management about their proposed leveraged recapitalization. This request follows television interviews by Icahn last Friday in which he discussed his Dell proposal, as well as a weekend report in Barron's saying the Icahn and Southeastern plan could be a better deal for shareholders. MAJOR MOVERS: Among the notable gainers was Theravance (THRX), up $6.26, or 17.92%, to $41.20 after Elan Corporation (ELN) bought a stake in the potential future royalty payments from four respiratory programs partnered with GlaxoSmithKline (GSK) in exchange for $1B in cash. Also higher was Tesla (TSLA), which rose $11.04, or 14.38%, to $87.80 in its third straight double-digit percentage gain following a better-than-expected earnings report last week. Among the noteworthy losers was Barnes & Noble (BKS), down $2.21, or 9.48%, to $21.10 after the blog InsiderMonkey disputed a previous report about Microsoft's (MSFT) interest in the bookseller's NOOK assets. Also lower was JoS. A. Bank (JOSB), down $3.31, or 7.16%, to $42.90 after the company's first quarter earnings view came in below expectations. INDICES: The Dow was down 26.81, or 0.18%, to 15,091.68; the Nasdaq was up 2.21, or 0.06%, to 3,438.79; and the S&P 500 was nearly unchanged at 1,633.77. | | | 12:20 EDT | | JOSB | On The Fly: Midday Wrap
Subscribe for More Information | | | 10:00 EDT |  | JOSB | JoS. A. Bank falls 7.4%
Subscribe for More Information | | | 06:04 EDT |  | JOSB | JoS. A. Bank sees Q1 EPS 27c-30c, consensus 46c
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