Hanesbrands Inc. Reveals 15% Rise In Q1 Earnings

(RTTNews) - Hanesbrands Inc. (HBI) revealed a profit for its first quarter that rose compared to the same period last year.

The company said its bottom line advanced to $102.23 million, or $0.26 per share. This was up from $88.95 million, or $0.22 per share, in last year's first quarter.

Analysts had expected the company to earn $0.22 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 0.8% to $1.22 billion. This was up from $1.21 billion last year.

Hanesbrands Inc. earnings at a glance:

-Earnings (Q1): $102.23 Mln. vs. $88.95 Mln. last year. -Earnings Growth (Y-o-Y): 14.9% -EPS (Q1): $0.26 vs. $0.22 last year. -EPS Growth (Y-o-Y): 18.2% -Analysts Estimate: $0.22 -Revenue (Q1): $1.22 Bln vs. $1.21 Bln last year. -Revenue Change (Y-o-Y): 0.8%

-Guidance: Full year EPS guidance: $1.85 - $1.91 Full year revenue guidance: $5.8 - $5.9 Bln