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Hanesbrands Inc. Q2 adjusted earnings Miss Estimates

Hanesbrands Inc. (HBI) announced earnings for second quarter that fell from last year.

The company's earnings came in at $140.63 million, or $0.39 per share. This compares with $172.53 million, or $0.47 per share, in last year's second quarter.

Excluding items, Hanesbrands Inc. reported adjusted earnings of $162.09 million or $0.45 per share for the period.

Analysts had expected the company to earn $0.46 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.2% to $1.72 billion from $1.65 billion last year.

Hanesbrands Inc. earnings at a glance:

-Earnings (Q2): $162.09 Mln. vs. $196.66 Mln. last year.
-EPS (Q2): $0.45 vs. $0.53 last year.
-Analysts Estimate: $0.46
-Revenue (Q2): $1.72 Bln vs. $1.65 Bln last year.

-Guidance:
Next quarter EPS guidance: $0.54 to $0.57
Next quarter revenue guidance: $1.85 - $1.9 Bln
Full year EPS guidance: $1.72 to $1.80
Full year revenue guidance: $6.72 - $6.82 Bln

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