Gildan Activewear Inc. (GIL.TO) revealed earnings for its first quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $84.7 million, or $0.56 per share. This compares with $78.7 million, or $0.47 per share, last year.
Excluding items, Gildan Activewear Inc. reported adjusted earnings of $89.8 million or $0.59 per share for the period.
Analysts on average had expected the company to earn $0.57 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 2.3% to $711.7 million from $695.8 million last year.
Gildan Activewear Inc. earnings at a glance (GAAP) :
-Earnings: $84.7 Mln. vs. $78.7 Mln. last year.
-EPS: $0.56 vs. $0.47 last year.
-Revenue: $711.7 Mln vs. $695.8 Mln last year.
-Guidance:
Full year EPS guidance: $3.38 to $3.58
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