UPDATE: Jos. A. Bank Reports 25% Rise In Q2 Net Income

Jos. A. Bank Clothiers Inc JOSB reported a 25% rise in its fiscal second-quarter net income. Jos. A. Bank reported its quarterly earnings at $20.6 million, or $0.74 per share, up from $16.5 million, or $0.59 per share, in the year-ago period. Its sales climbed to $230.7 million from $188.4 million. However, analysts were expecting earnings of $0.67 per share on sales of $208.5 million. Jos. A. Bank shares dropped 3.74% to $45.50 in pre-market trading.