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Hanesbrands’ Stock Falls 5.5% on Q3 2018 Results

Victoria Dean
Hanesbrands’ Stock Falls 5.5% on Q3 2018 Results

On November 1, Hanesbrands (HBI) stock was down 5.5% following the company’s third-quarter earnings announcement. The company’s sales of $1.85 billion fell short of the consensus estimate of $1.87 billion. The pro forma adjusted EPS were $0.55, which excludes the Sears bankruptcy charge of $14 million—in line with analysts’ consensus estimate.