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Hanesbrands Inc. Reports Decline In Q3 Earnings

Hanesbrands Inc. (HBI) reported a profit for third quarter that dropped from last year.

The company's earnings came in at $171.42 million, or $0.47 per share. This compares with $203.36 million, or $0.55 per share, in last year's third quarter.

The company's revenue for the quarter rose 3.4% to $1.85 billion from $1.79 billion last year.

Hanesbrands Inc. earnings at a glance:

-Earnings (Q3): $171.42 Mln. vs. $203.36 Mln. last year.
-EPS (Q3): $0.47 vs. $0.55 last year.
-Revenue (Q3): $1.85 Bln vs. $1.79 Bln last year.

-Guidance:
Next quarter EPS guidance: $0.46 - $0.50
Next quarter revenue guidance: $1.70 - $1.74 bln
Full year EPS guidance: $1.69 - $1.73
Full year revenue guidance: $6.735 - $6.775

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