Men's Wearhouse Inc. (MW) reported third quarter adjusted EPS of $0.79 after the bell Tuesday, up from $0.57 in the previous year. The consensus estimate was for EPS of $0.65. The company expects to report a fourth quarter adjusted EPS loss of $0.15 to $0.12 and a full year profit of $2.28 to $2.31. The consensus estimates are for a loss of $0.11 and a profit of $2.19.
Men's Wearhouse gapped open sharply higher Wednesday and climbed for the majority of the session. Shares finished up by 5.32 at $32.51 on the highest volume of the year. The stock broke out to a 4-month high and re-crossed both its 50 and 200-day moving averages.
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