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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.

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

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