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Hanesbrands
HBI reported a 96% rise in its fourth-quarter earnings.
For 2013, Hanesbrands now projects revenue of around $4.6 billion, versus its prior forecast of $4.6 billion to $4.7 billion
Hanesbrands' quarterly profit surged to $80.4 million, or $0.80 per share, from $41 million, or $0.41 per share, in the year-ago period. Excluding one-time items, its adjusted earnings came in at $1.07 per share.
Its revenue climbed 4.8% to $1.15 billion. The company had earlier expected earnings of $1 to $1.06 per share on sales of $1.13 billion to $1.17 billion.
Its gross margin widened to 34.5% from 29.8%.
Hanesbrands shares closed at $38.18 yesterday.
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