WINSTON-SALEM, N.C. (AP) — WINSTON-SALEM, N.C. (AP) — HanesBrands Inc. (HBI) on Thursday reported a loss of $39.1 million in its first quarter.
On a per-share basis, the Winston-Salem, North Carolina-based company said it had a loss of 11 cents. Losses, adjusted for non-recurring costs, came to 2 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.
The underwear, T-shirt and sock maker posted revenue of $1.16 billion in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $1.17 billion.
For the current quarter ending in June, HanesBrands expects its per-share earnings to range from 7 cents to 11 cents.
The company said it expects revenue in the range of $1.34 billion to $1.38 billion for the fiscal second quarter.
HanesBrands expects full-year earnings in the range of 42 cents to 48 cents per share, with revenue ranging from $5.35 billion to $5.47 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HBI at https://www.zacks.com/ap/HBI
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