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Hanesbrands (HBI) Stock Rises in After-Hours Trading on Q4 Revenue Guidance

NEW YORK (TheStreet) -- Shares of Hanesbrands (HBI) were climbing 5.04% to $25 in after-hours trading on Thursday after the company gave an upbeat revenue outlook for the 2016 fourth quarter.

After today's closing bell, the Winston Salem, NC-based clothing company said it anticipates fourth-quarter revenue of $1.70 billion to $1.73 billion, higher than analysts' view of $1.69 billion.

Hanes projects adjusted earnings per share of 57 cents to 60 cents for the fourth quarter. Wall Street is looking for earnings of 59...