By  on December 12, 2018

Tailored Brands’ stock plunged in after-hours trading Wednesday after the company released disappointing third-quarter results.

The men’s specialty retailer, which includes brands such as Men’s Wearhouse, JoS. A. Bank and Moores Clothing, closed up Wednesday 1.51 percent to $20.14 a share, but fell more than 27 percent in after-hours trading after the company announced earnings that were about a third of last year’s figure. As a result, Tailored Brands revised its outlook for the fourth quarter to “a more cautious” one, according to a statement from Tailored Brands executive chairman Dinesh Lathi. 

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