Gildan: Q4 Earnings Snapshot

Associated Press Finance
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MONTREAL (AP) — MONTREAL (AP) — Gildan Activewear Inc. (GIL) on Wednesday reported fourth-quarter earnings of $153.3 million.

On a per-share basis, the Montreal-based company said it had profit of 89 cents. Earnings, adjusted for one-time gains and costs, came to 75 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share.

The apparel maker posted revenue of $782.7 million in the period.

For the year, the company reported profit of $533.6 million, or $3.03 per share. Revenue was reported as $3.2 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 GIL at https://www.zacks.com/ap/GIL

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