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Gildan: 1Q Earnings Snapshot

MONTREAL (AP) _ Gildan Activewear Inc. (GIL) on Wednesday reported first-quarter earnings of $22.7 million.

The Montreal-based company said it had net income of 11 cents per share. Earnings, adjusted for non-recurring costs, were 16 cents per share.

The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 16 cents per share.

The apparel maker posted revenue of $623.9 million in the period.

Gildan shares have increased 20% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $36.30, a climb of 24% in the last 12 months.

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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 GIL at https://www.zacks.com/ap/GIL