logo
Plus   Neg
Share
Email

Hanesbrands Inc. Q2 adjusted earnings Inline With Estimates

Hanesbrands Inc. (HBI) reported earnings for its second quarter that increased from last year.

The company's bottom line totaled $153.97 million, or $0.42 per share. This compares with $140.63 million, or $0.39 per share, in last year's second quarter.

Excluding items, Hanesbrands Inc. reported adjusted earnings of $164.80 million or $0.45 per share for the period.

Analysts had expected the company to earn $0.45 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.3% to $1.76 billion from $1.72 billion last year.

Hanesbrands Inc. earnings at a glance:

-Earnings (Q2): $164.80 Mln. vs. $162.09 Mln. last year.
-EPS (Q2): $0.45 vs. $0.45 last year.
-Analysts Estimate: $0.45
-Revenue (Q2): $1.76 Bln vs. $1.72 Bln last year.

-Guidance:
Next quarter EPS guidance: $0.52 to $0.55
Full year EPS guidance: $1.72 to $1.80

For comments and feedback contact: editorial@rttnews.com

Follow RTT