Tailored Brands Shares Down On Weak Outlook

(RTTNews) - Shares of Tailored Brands, Inc. (TLRD) slipped 15% on Wednesday's extended trading session after its fourth-quarter revenues fell short of expectations and detailed a weak outlook for the current quarter.

The company reported fourth-quarter net earnings of $6.22 million or $0.12 per share, compared to net loss of $0.5 million or $0.01 per share last year.

Adjusted loss for the quarter was $0.28 per share , compared to break even per share last year.

Sales for the quarter dropped 8.6% to $785.76 million from $859.86 million last year.

Analysts polled by Thomson Reuters estimated loss of $0.29 per share and revenues of $801.23 million for the quarter.

Looking forward to the first quarter, the company expects adjusted earnings of $0.10 to $0.15 per share. Analysts currently estimate earnings of $0.51 per share.

TLRD closed Wednesday's trading at $11.69, down $0.31 or 2.58%, on the Nasdaq. The stock further dropped 1.78 or 15.23% in the after-hours trade.