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Men's Wearhouse Shares Rise On 1Q Earnings

Stock quotes in this article: MW  

NEW YORK (AP) — Shares of men's clothing retailer Men's Wearhouse Inc. jumped on Tuesday, after the company reported stronger-than-expected first-quarter results.

The company said cost-cutting measures helped offset a 6 percent sales decline. Profit fell 47 percent, but came out ahead of analyst expectations.

The Houston company also gave second-quarter earnings guidance of 56 cents to 60 cents per share, while analysts polled by Thomson Reuters, on average, predict a profit of 56 cents per share. ...

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