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Tailored Brands (TLRD) Stock Surges as Q2 Results Beat Expectations

NEW YORK (TheStreet) -- Shares of Tailored Brands (TLRD) were soaring 20.87% to $17.20 on heavy trading volume mid-afternoon Thursday after the company posted better-than-anticipated results for the 2016 fiscal second quarter.

After yesterday's closing bell, the owner of Men's Wearhouse and Jos. A. Bank reported adjusted earnings of 99 cents per share, above analysts' estimates of 93 cents per share.

Revenue was $909.7 million for the period, topping Wall Street's forecasts of $886.4 million.

Comparable-store sales increased 2.9% at...