Actionable news
All posts from Actionable news
Actionable news in TLRD: TAILORED BRANDS Inc,

Tailored Brands Stock Soars on Q3 Results, Jos. A. Bank Improves

Shares of Tailored Brands (TLRD) surged 24.14% to $23.50 in pre-market trading on Thursday after the retailer reported better-than-expected results for the 2016 third quarter and projected a sales recovery at its Jos. A. Bank division.

After yesterday's market close, the company posted adjusted earnings of 68 cents per diluted share, surpassing analysts' estimates of 55 cents per share. Revenue decreased 2.1% to $846.9 million from last year, but was above analysts' forecasts of $832.7 million.

"Our improved profitability this quarter reflects solid progress on our cost reduction...