JoS. A. Bank Clothiers (JOSB) reported fourth quarter net income of $1.58 per share Wednesday morning, compared to $1.47 per share last year. The consensus estimate was for EPS of $1.58. The company said it remains cautious about the outcome of the first quarter of 2012.
JoS. A. Bank Clothiers gapped open sharply lower Wednesday, but traded in a narrow range throughout the session. Shares finished down by 4.66 at $49.82 on the highest volume in 10 months. The stock fell to a month and a half low and dropped below both its 50 and 200-day moving averages.
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