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Jos. A Bank Profits Jump 17.6%

Jos. A Bank's net income grew 17.6 percent to $9.8 million, or 53 cents a diluted share, from $8.4 million, or 45 cents, a year ago.

NEW YORK — It was a good quarter for Jos. A. Bank Clothiers which managed to drive up both sales and profits in the first quarter.

Net income grew 17.6 percent to $9.8 million, or 53 cents a diluted share, from $8.4 million, or 45 cents, a year ago.

Earnings per share handily beat analysts’ estimates, which Yahoo Finance pegged at 46 cents a share.

Sales for the three months ended May 3 increased 12.3 percent to $145.4 million from $129.5 million. Comparable-store sales rose 6.4 percent.

Shares rose 11.39 percent to $30.31 on the New York Stock Exchange.

The company will host a conference call this morning to discuss the results.