* Reaffirms 2012 adj EPS view $1.30 vs est $1.31
* Sees Q4 adj EPS $0.80 vs est $0.78
* Sees Q4 rev $1.95 bln in line with analysts' estimate
Aug 2 Clothing maker Gildan Activewear Inc
said quarterly profit fell as lower selling prices for
printwear hurt the company's margins, but forecast current
quarter results above analysts' estimates.
Gildan, which supplies to the screenprint market in the
United States and Canada, expects adjusted earnings of about 80
cents per share on revenue of about $560 million for the current
Analysts were estimating earnings of 78 cents per share on
revenue of $537 million, according to Thomson Reuters I/B/E/S.
The company also backed its forecast for fiscal 2012
adjusted earnings of about $1.30 per share on sales of $1.95
Gildan also supplies private-label and Gildan-branded socks,
primarily to mass-market retailers.
Net income fell to $78.6 million, or 64 cents per share, for
the second quarter from $88.1 million, or 72 cents per share, a
Excluding restructuring and acquisition-related costs,
earnings were 66 cents per share.
Net sales rose 13 percent to $600.2 million.
Gildan's shares, which have risen 44 percent so far this
year, closed at C$28.23 on Wednesday on the Toronto Stock