Jos. A. Bank
rose after beating second-quarter estimates and guiding in line for the rest of the year. The clothing retailer made $7 million, or 38 cents a share, for the quarter ended July 30, up from the year-ago $5.3 million, or 30 cents a share. Sales rose to $119.1 million from $98.6 million. Analysts surveyed by Thomson Financial were looking for a 35-cent profit on sales of $116 million. The company said it expects to make $2.15 a share for the year, up 10% from a year ago and in line with expectations. Shares gained 7.9% to $25.96.
(STRL - Get Report)
was higher after the company was upgraded by Morgan Joseph to buy from hold. Shares were up 7.9% to $19.97.
advanced after the provider of outsourced electric distribution and transmission services swung to a fourth-quarter profit. The company earned $3 million, or 9 cents a share, compared with a loss of $14 million, or 65 cents a share, a year ago. The prior-year numbers included a $16.2 million charge. Revenue increased just under 1% to $156.1 million. Analysts were looking for the company to post earnings of 7 cents a share. Shares climbed 3.2% to $17.08.
(POWL - Get Report)
slipped after the electrical-equipment company saw a drop in third-quarter earnings. The company posted earnings of $1.8 million, or 16 cents a share, down from $2.1 million, or 19 cents a share, a year ago. The most recent quarter includes charges of 10 cents a share. Revenue totaled $104 million, up from $66.9 million last year. The company said it expects fourth-quarter earnings to range between 12 cents and 17 cents a share and full-year earnings to range between 75 cents and 80 cents a share. Revenue is expected to be $325 million to $350 million. Shares fell 9.4% to $19.