Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Jos. A Bank Clothiers (NASDAQ:JOSB) fell as much as 10% today after reporting third-quarter earnings.
So what: The company reported an 11% jump in revenue to $232.9 million, which was in line with estimates, but the bottom line disappointed. Earnings per share fell 13% to $0.47 and fell well short of the $0.56 analysts expected.
Now what: Management blamed markdowns and promotions that drove the sales growth but hurt the bottom line in the quarter. They are cautious looking forward because of disruptions from Hurricane Sandy and because of the economy. I don't see any buy signs today and would wait for margins to improve before jumping into this stock.
Interested in more info on Jos. A Bank? Add it to your watchlist by clicking here.
Fool contributor Travis Hoium has no positions in the stocks mentioned above. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings, or follow his CAPS picks at TMFFlushDraw.
The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.