HanesBrands (HBI) Reports Q1 Loss, Lags Revenue Estimates

HanesBrands (HBI) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to loss of $0.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 66.67%. A quarter ago, it was expected that this underwear, T-shirt and sock maker would post earnings of $0.09 per share when it actually produced earnings of $0.03, delivering a surprise of -66.67%.Over the last four quarters ...