Gildan Activewear (GIL) Misses Q3 EPS by 1c; Trims FY16 adj.-EBITDA Outlook

Gildan Activewear (NYSE: GIL) reported Q3 EPS of $0.50, $0.01 worse than the analyst estimate of $0.51. Revenue for the quarter came in at $715 million versus the consensus estimate of $723.97 million.

GUIDANCE:

Gildan Activewear sees FY2016 EPS of $1.48-$1.55, versus the consensus of $1.53. . Adjusted EBITDA for 2016 is now estimated to be approximately $530-$535 million compared to the Company's previous projection of approximately $545-$555 million.

For earnings history and earnings-related data on Gildan Activewear (GIL) click here.

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