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The Men’s Wearhouse Q2 Profit Rises, Beating View (MW)

Men's formal wear renter/seller The Men's Wearhouse, Inc. ( MW ) late Wednesday posted higher-than-expected second quarter profits, but its full-year outlook could fall slightly below analyst's view.

The Houston-based company reported second quarter net income of $57.1 million, or $1.09 per share, compared with $43 million, or 81 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was $1.11 per share.

Revenue rose 22% from last year to $655.5 million.

On average, Wall Street analysts expected a smaller profit of $1.02 per share on lower revenue of $637.9 million.

Looking ahead, the company forecast full-year earnings to range from $2.13 to $2.20 per share, while analysts are looking for $2.14 per share for the year.

Men's Wearhouse shares fell 72 cents, or -2.4%, in premarket trading Thursday.

The Bottom Line

Shares of Men's Wearhouse ( MW ) have a 1.63% dividend yield, based on last night's closing stock price of $29.52. The stock has technical support in the $26 price area. If the shares can firm up, we see overhead resistance around the $32 price level.

The Men's Wearhouse, Inc. ( MW ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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