Men's Wearhouse Inc. (MW) reported first quarter EPS of $0.52 after the close Wednesday, which was flat with the prior year result. The consensus estimate was for EPS of $0.55. The company expects to report second quarter EPS of $1.12 to $1.13 and between $2.70 and $2.78 for the full year. The consensus estimates are for EPS of $1.22 and $2.80.
Men's Wearhouse gapped open sharply lower Thursday, but traded in a range for the majority of the session. The stock closed down by 6.72 at $28.85 on the highest volume of the year. Men's Wearhouse sank to a 6-month low and fell below its 200-day moving average.
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