By  on July 23, 2014

Hanesbrands Inc. posted second-quarter results in which profits rose 27.1 percent and net sales were up 11.9 percent.

For the three months ended June 28, net income rose to $154.6 million, or $1.51 a diluted share, from $121.6 million, or $1.19, in the year-ago quarter. Net sales rose 11.9 percent to $1.34 billion from $1.2 billion. Wall Street analysts were expecting on average $1.50 on revenues of $1.35 billion.

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