By  on November 5, 2008

Maidenform Brands Inc. posted better-than-expected third-quarter earnings on higher sales across several divisions, but the intimate apparel maker cut its 2008 outlook as retailing struggles.

Net income for the quarter ended Sept. 27 increased 8.6 percent to $8.4 million, or 36 cents a diluted share, from $7.8 million, or 32 cents a share. The results included 4 cents a share in start-up costs related to the licensing agreement for intimate apparel with Donna Karan and DKNY brands. Sales jumped 12.4 percent to $112.6 million, from $100.2 million. Analysts polled by Yahoo Finance estimated earnings per share of 35 cents on net sales of $109.3 million.

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