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How Will Hanesbrands (HBI) Stock React to Q2 Miss?

NEW YORK (TheStreet) -- Hanesbrands (HBI) reported second quarter earnings and revenue after Tuesday's closing bell that fell short of analysts' estimates.

Hanesbrands posted adjusted earnings of 51 cents per share, falling short of analysts' expectations by a penny. Sales fell 3% year-over-year to $1.47 billion, lower than analysts' projected $1.53 billion.

For the same quarter in 2015, the Winston-Salem, NC-based clothing company reported earnings of 50 cents per share on revenue of $1.52 billion.

Hanesbrands attributed the second-quarter revenue decline to comparisons with above average year-ago performance, which...