News Column

BRIEF: Hanesbrands' share price climbs 11.4 percent

January 31, 2014

By Richard Craver, Winston-Salem Journal, N.C.

Jan. 31 --The share price of Hanesbrands Inc. jumped 11.4 percent Thursday, the day after the Winston-Salem company announced a doubling of its fiscal 2013 profit to $330.5 million and set an adjusted earnings per share range for fiscal 2014 from $4.60 to $4.80 . The share price rose $7.42 to finish at $72.49 . It was investors' first chance to respond to the strong performance since Hanesbrands typically releases its quarterly financial reports after the stock market closes. The 52-week price range is $36.84 to $74.50 . Trading volume was at 2.48 million, up more than fourfold from its 13-week average of 602,672. ___ (c)2014 Winston-Salem Journal (Winston Salem, N.C.) Visit Winston-Salem Journal (Winston Salem, N.C.) at www2.journalnow.com Distributed by MCT Information Services


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Winston-Salem Journal (NC)


Story Tools