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Article: The Daily Record News Briefs: April 9, 2009

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The Daily Record (Baltimore)
Article date:
April 9, 2009
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J. Bank outpaces forecasts

Jos. A. Bank Clothiers Inc., of Hampstead, reported fourth- quarter profit that exceeded analysts' expectations. The men's clothing manufacturer's share price closed at $5.87, up 20.21 percent, in Nasdaq trading, the biggest gain since July 2, 2001. Until Wednesday, the stock had risen 11 percent for the year. Net income for the quarter ended Jan. 31 rose 15 percent to $30.4 million, or $1.66 a share, from $26.5 million, or $1.45, a year earlier. That exceeded the $1.51 average of four analysts' estimates compiled by Bloomberg. Revenue rose 19 percent to $248.5 million, topping analysts' projections of $228.3 million.

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