Why Tailored Brands Stock Just Popped 16%
Shares of Tailored Brands (NYSE: TLRD) -- the company formerly known by brands such as Men's Wearhouse and Jos. A. Bank -- are rocketing Thursday morning, with the stock price up 16% as of 11:10 a.m. EST. The reason, as you may have guessed, is earnings.
Last night, Tailored Brands reported its financial results for fiscal Q3 2017. Per-share profits of $0.75 per share far surpassed the $0.54 per share that Wall Street was expecting.
Analysts "like" how earnings at the Men's Wearhouse owner look today. Image source: Getty Images.
Source: Fool.com
