Hanesbrands Inc. HBIreleased first-quarter 2018 results, wherein both top and bottom lines came ahead of the Zacks Consensus Estimate and the former also advanced year over year. This was backed by strength in organic sales and contributions from buyouts. Further, management retained its outlook for 2018.
The better-than-expected results seems to have raised investors’ optimism in the stock.Buyouts Drive Hanesbrands (HBI) in Q1 Earnings, Stock Gains
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