By  on July 31, 2009

Shares of Hanesbrands Inc. leaped 12.2 percent Thursday after the company’s lower second-quarter earnings exceeded estimates and it said it’s poised to pick up market share in a weak economy.

Net income declined 46.6 percent to $30.6 million, or 32 cents a diluted share, from $57.3 million, or 60 cents, a year earlier. Sales for the quarter ended July 4 dropped 8 percent to $986 million from $1.07 billion.

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