By  on July 20, 2011

Investor disappointment with third-quarter projections overshadowed a strong second-quarter performance by Hanesbrands Inc. Wednesday, sending shares down more than 9 percent amid uncertainty about the future of cotton prices.

The Winston-Salem, N.C.-based owner of trademarks including Hanes, Champion and Playtex stuck by its full-year guidance but said third-quarter earnings “could increase as much as 30 percent over last year’s 63 cents” a share. That would put the low end of EPS expectations at 82 cents, 9 cents below the analyst consensus estimate of 91 cents.

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