Men's Wearhouse Inc. (MW) reported second quarter adjusted EPS of $1.07 after the bell Tuesday, which topped the consensus estimate of $1.05. Revenues were up at $920.1 million compared with $803.1 million in the prior year. Analysts expected revenues of $946.8 million. Full year EPS is expected to be between $2.70 and $2.90. The consensus estimate is for EPS of $2.87.
Men's Wearhouse has gapped open sharply lower Wednesday morning and is now down 4.10 at $52.37 on above average volume. The stock has been pulling back from the highs of the year since late June and has dropped to a 5-month low.
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