WINSTON-SALEM, N.C. (AP) _ HanesBrands Inc. (HBI) on Thursday reported third-quarter profit of $151.8 million.

The Winston-Salem, North Carolina-based company said it had net income of 43 cents per share. Earnings, adjusted for one-time gains and costs, came to 53 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.

The underwear, T-shirt and sock maker posted revenue of $1.79 billion in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $1.8 billion.

For the current quarter ending in December, HanesBrands expects its per-share earnings to range from 40 cents to 45 cents.


The company said it expects revenue in the range of $1.71 billion to $1.78 billion for the fiscal fourth quarter.

HanesBrands expects full-year earnings in the range of $1.79 to $1.84 per share, with revenue ranging from $6.76 billion to $6.83 billion.


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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