Gildan Activewear Q2 Adj EPS $0.63 Beats $0.61 Estimate, Sales $840.00M Beat $822.03M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gildan Activewear (NYSE:GIL) reported Q2 adjusted earnings of $0.63 per share, beating the analyst consensus estimate of $0.61 by 3.28%. However, this is a 26.74% decrease from the same period last year. The company also reported quarterly sales of $840.00 million, surpassing the analyst consensus estimate of $822.03 million by 2.19%, but this is a 6.21% decrease from the same period last year.
August 04, 2023 | 12:53 pm
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NEUTRAL IMPACT
Gildan Activewear's Q2 earnings and sales beat analyst estimates but are lower than the same period last year. This mixed result could lead to uncertain market reactions.
While Gildan Activewear beat analyst estimates for Q2 earnings and sales, the decrease from the same period last year could be a concern for investors. This mixed result could lead to uncertain market reactions in the short term.
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