Hanesbrands Inc. Reveals 17% Rise In Q4 Earnings

(RTTNews) - Hanesbrands Inc. (HBI) reported earnings for its fourth quarter that rose from last year.

The company said its bottom line rose to $174.68 million, or $0.44 per share. This was higher than $148.72 million, or $0.36 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.46 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 7.2% to $1.41 billion. This was down from $1.52 billion last year.

Hanesbrands Inc. earnings at a glance:

-Earnings (Q4): $174.68 Mln. vs. $148.72 Mln. last year. -Earnings Growth (Y-o-Y): 17.5% -EPS (Q4): $0.44 vs. $0.36 last year. -EPS Growth (Y-o-Y): 22.2% -Analysts Estimate: $0.46 -Revenue (Q4): $1.41 Bln vs. $1.52 Bln last year. -Revenue Change (Y-o-Y): -7.2%

-Guidance: Full year EPS guidance: $1.85 - $1.91