By  on July 27, 2007

Shares of Hanesbrands Inc. soared 12.8 percent Thursday to $30.07, pushing past overall market woes thanks to second-quarter earnings that beat Wall Street's expectations.

Hanesbrands posted second-quarter net income of $25.4 million, or 26 cents a share. Excluding charges, the company earned $52.4 million, or 54 cents a share, which compares with $59.3 million, or 62 cents, in the prior year. Revenue was flat at $1.2 billion. Analysts expected the company to earn 20 cents a share on revenue of $1.14 billion. In the year-earlier period, Hanesbrands posted income of $59.3 million on revenue of $1.12 billion.

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