Hanesbrands Inc. Reveals 14% Rise In Q3 Earnings

(RTTNews) - Hanesbrands Inc. (HBI) reported a profit for its third quarter that rose from last year.

The company said its bottom line rose to $201.52 million, or $0.50 per share. This was up from $176.90 million, or $0.43 per share, in last year's third quarter.

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

The company said revenue for the quarter rose 13.6% to $1.59 billion. This was up from $1.40 billion last year.

Hanesbrands Inc. earnings at a glance:

-Earnings (Q3): $201.52 Mln. vs. $176.90 Mln. last year. -Earnings Growth (Y-o-Y): 13.9% -EPS (Q3): $0.50 vs. $0.43 last year. -EPS Growth (Y-o-Y): 16.3% -Analysts Estimate: $0.45 -Revenue (Q3): $1.59 Bln vs. $1.40 Bln last year. -Revenue Change (Y-o-Y): 13.6%

-Guidance: Next quarter EPS guidance: $0.44 - $0.46 Next quarter revenue guidance: $1.525 Bln Full year EPS guidance: $1.66 - $1.68 Full year revenue guidance: $5.85 Bln