UPDATE: Jos. A. Bank Posts Higher Q3 Profit

Jos. A. Bank Clothiers JOSB reported a rise in its third-quarter profit. Jos. A. Bank's quarterly net profit surged to $13.6 million, or $0.49 per share, versus a year-ago profit of $13.3 million, or $0.47 per share. Excluding one-time items, its adjusted earnings climbed to $0.51 per share from $0.47 per share. Its total sales surged 6% to $247.5 million from $232.9 million. Jos. A. Bank's same-store sales declined 0.1%. However, analysts were estimating adjusted earnings of $0.50 per share on sales of $245 million. Jos. A. Bank shares closed at $56.89 yesterday.