Hanesbrands Shares Slide After Quarterly Results Miss Street View

By Markets MarketWatch Pulse

Hanesbrands Inc. shares dropped in the extended session Tuesday after the apparel maker fell short of Wall Street estimates for the quarter. Hanesbrands shares fell 4.5% to $24.49 after hours. The company reported adjusted second-quarter earnings of 51 cents a share on revenue of $1.47 billion. Analysts surveyed by FactSet had estimated earnings of 52 cents a share on revenue of $1.53 billion. Hanesbrands sees full-year adjusted earnings of $1.89 to $1.95 a share on revenue of $6.15 billion to $6.25 billion. Analysts expect $1.92 a share on revenue of $6.12 billion.

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