Benzinga | Oct 29, 2020 07:55AM EDT

Gildan Activewear Q3 EPS $0.30 Beats $0.05 Estimate, Sales $602.30M Beat $491.35M Estimate

Gildan Activewear (NYSE:GIL) reported quarterly earnings of $0.30 per share which beat the analyst consensus estimate of $0.05 by 500 percent. This is a 43.4 percent decrease over earnings of $0.53 per share from the same period last year. The company reported quarterly sales of $602.30 million which beat the analyst consensus estimate of $491.35 million by 22.58 percent. This is a 18.58 percent decrease over sales of $739.70 million the same period last year.