Hanesbrands Inc. Profit Drops In Q4

(RTTNews) - Hanesbrands Inc. (HBI) revealed earnings for fourth quarter that lost ground compared to the same period last year.

The company said its profit totaled $188.97 million, or $0.52 per share. This was down from $201.17 million, or $0.53 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.52 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.4% to $1.65 billion. This was up from $1.58 billion last year.

Hanesbrands Inc. earnings at a glance:

-Earnings (Q4): $188.97 Mln. vs. $201.17 Mln. last year. -Earnings Decline (Y-o-Y): -6.1% -EPS (Q4): $0.52 vs. $0.53 last year. -EPS Decline (Y-o-Y): -1.9% -Analysts Estimate: $0.52 -Revenue (Q4): $1.65 Bln vs. $1.58 Bln last year. -Revenue Change (Y-o-Y): 4.4%

-Guidance: Full year EPS guidance: $1.72 - $1.80 Full year revenue guidance: $6.72 - $6.82 Bln