Hanesbrands Inc. (HBI) released earnings for second quarter that dropped from last year.
The company's profit came in at $128.67 million, or $0.37 per share. This compares with $161.18 million, or $0.46 per share, in last year's second quarter.
Analysts had expected the company to earn $0.39 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 13.6% to $1.75 billion from $1.54 billion last year.
Hanesbrands Inc. earnings at a glance:
-Earnings (Q2): $128.67 Mln. vs. $161.18 Mln. last year.
-EPS (Q2): $0.37 vs. $0.46 last year.
-Analysts Estimate: $0.39
-Revenue (Q2): $1.75 Bln vs. $1.54 Bln last year.
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