Gildan Activewear Q2 Adj. EPS $1.28 Beats $1.11 Estimate, Sales $1.583B Miss $1.609B Estimate
Gildan Activewear (NYSE:GIL) reported quarterly earnings of $1.28 per share which beat the analyst consensus estimate of $1.11 by 15.32 percent. This is a 31.96 percent increase over earnings of $0.97 per share from the
Gildan made more money per share than expected, which is good, but sold less stuff overall than people thought it would. When a company beats on profits but misses on sales, it means they're being very careful about costs—but might be selling less.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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