Investing.com - Hanesbrands (NYSE:HBI) reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Hanesbrands announced earnings per share of $0.29 on revenue of $1.67B. Analysts polled by Investing.com anticipated EPS of $0.30 on revenue of $1.75B.
Hanesbrands shares are down 16.73% from the beginning of the year, still down 63.23% from its 52 week high of $18.27 set on November 10, 2021.
Hanesbrands shares gained 4.17% in pre-market trade following the report.
Hanesbrands follows other major Consumer Discretionary sector earnings this month
Hanesbrands's report follows an earnings beat by Amazon.com on October 27, who reported EPS of $0.28 on revenue of $127.1B, compared to forecasts EPS of $0.22 on revenue of $127.76B.
Tesla had beat expectations on October 19 with third quarter EPS of $1.05 on revenue of $21.45B, compared to forecast for EPS of $1.03 on revenue of $22.5B.
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