Jos. A. Bank Clothiers Inc., likely a few weeks away from finalizing a $1.8 billion deal to be acquired by Men's Wearhouse, posted a $37.1 million first quarter loss stemming from merger-related expenses.
Baltimore money manager Legg Mason Inc. reported that clients added more than $8 billion in cash to accounts there during its recently finished fiscal year, breaking a six-year streak of client cash going the wrong way — out.
Under Armour's stock price surged over $100 a share Thursday after the company reported its profit jumped 28 percent in the fourth quarter, with strong sales driven by the growing popularity of the brand's cold-weather sports apparel.
It could be a while before Jos. A. Bank Clothiers formally responds to the takeover offer from its rival Men's Wearhouse as executives focus on the key holiday retail selling season and other potential acquisitions.
Sinclair Broadcast Group Inc. saw profits for the third quarter jump 38 percent, benefiting from strength in television advertising and growth in revenue from fees broadcasters charge cable TV companies to carry their signals.
Chemical maker W.R. Grace & Co. said Wednesday that its income in the third quarter fell 8 percent from a year earlier as it continues to deal with challenges in its catalysts business, which includes additives used by refineries.
Sinclair Broadcast Group Inc. said Wednesday second quarter net income fell 41 percent to $17.8 million, or 19 cents per share, from a net income of $30.1 million, or 37 cents per share in the comparable period a year ago.
Jos. A. Bank Clothiers Inc. expects first quarter earnings of 27 cents to 30 cents per diluted share, down from 53 cents per share in the first quarter of 2012, the Hampstead-based retailer said Monday.
As Jos. A. Bank Clothiers prepares to announce year-end and quarterly results this week, Zacks Investment Research has downgraded the retailer's stock to a strong sell rating, citing the company's January warning that fiscal year profit will be off 20 percent.
For the first time since a recession gripped the country in 2008, Maryland is approaching a General Assembly session with good news about its operating budget: Neither tax increases nor drastic budget cuts are likely to be needed.
KeyW Holding Corp., a Hanover-based technology and cybersecurity firm that contracts with U.S. intelligence agencies, reported a profit increase in the third quarter that matched Wall Street analysts' expectations.
The CEO pay disclosed this year by the 20 largest publicly traded companies in the Baltimore region offers plenty of fodder — as it does every year — to steam the ranks of workers with paychecks that barely budge.
Sports apparel maker Under Armour Inc. reported a 7 percent gain in second-quarter earnings Tuesday, beating Wall Street estimates as new offerings in women's apparel and footwear helped drive sales increases.
Sports apparel maker Under Armour Inc. reported a 42 percent gain in fourth-quarter earnings on Thursday, with net income of $33 million for the three months ending Dec. 31, compared with $23 million in the fourth quarter of 2010.
Corporate Office Properties Trust, a Columbia-based owner and developer of office parks, lowered its third quarter earnings expectations because of a loss on an investment in a cybersecurity firm, the company said Friday.
Profits at the Sinclair Broadcast Group rose more than 7 percent in the second quarter as local auto dealers increased spending on television advertising, the Hunt Valley-based TV station owner reported Wednesday.
T. Rowe Price Group, the Baltimore-based mutual fund and investment advisory company, reported net income of $204.7 million for the second quarter, a 29 percent increase over the corresponding quarter a year ago.