Hanesbrands Inc. Earnings Advance In Q1

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

The company's earnings came in at $128.40 million, or $0.37 per share. This compares with $5.12 million, or $0.01 per share, in last year's first quarter.

Analysts had expected the company to earn $0.26 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 25.0% to $1.50 billion from $1.20 billion last year.

Hanesbrands Inc. earnings at a glance:

-Earnings (Q1): $128.40 Mln. vs. $5.12 Mln. last year. -EPS (Q1): $0.37 vs. $0.01 last year. -Analysts Estimate: $0.26 -Revenue (Q1): $1.50 Bln vs. $1.20 Bln last year.