- Earnings highlights
Net income: $125.3 million compared with $109.9 million a year ago.
Diluted earnings: $1.23 compared with $1.09 a year ago.
Average earnings forecast: $1.14 by 10 analysts surveyed by Zacks Investment Research.
Noteworthy: The company expects to end the year with long-term debt between $1.4 billion and $1.5 billion.
Share price: Fell 31 cents to close at $63.75. Hanesbrands issued the earnings report after the stock market closed Wednesday.
Source: Hanesbrands Inc.
Posted: Wednesday, October 30, 2013 9:58 pm
Hanesbrands Inc. overcame a slight decline in overall sales to post a 14 percent increase in net income to a record $125.3 million in the third quarter.
Perhaps more importantly for the company’s shareholders and its 2,500 Forsyth County employees, Hanesbrands raised its adjusted fiscal 2013 guidance for the second consecutive quarter to a range of $3.75 to $3.85 a share.
Wednesday, October 30, 2013 9:58 pm.