Hanesbrands Q3 Adj. EPS $0.10 Misses $0.11 Estimate, Sales $1.51B Miss $1.55B Estimate
Portfolio Pulse from Benzinga Newsdesk
Hanesbrands reported Q3 earnings of $0.10 per share, missing the analyst consensus estimate of $0.11 by 9.09%. This is a 65.52% decrease from the same period last year. The company also reported quarterly sales of $1.51 billion, missing the analyst consensus estimate of $1.55 billion by 2.52%. This is a 9.58% decrease from the same period last year.
November 09, 2023 | 12:01 pm
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Hanesbrands' Q3 earnings and sales missed estimates, with a significant decrease from the same period last year. This could negatively impact the company's stock price in the short term.
Hanesbrands' Q3 earnings and sales fell short of analyst estimates, and also showed a significant decrease from the same period last year. This underperformance could lead to a decrease in investor confidence, potentially driving the company's stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100