** charts after earnings **
Gildan Activewear beats by $0.01, misses on revs; guides Q4 below consensus (lowers FY15 guidance) :
- Reports Q4 (Sep) earnings of $0.52 per share, excluding non-recurring items,$0.01 better than the Capital IQ Consensus of $0.51; revenues rose 1.3% year/year to $674.5 mln vs the $704.56 mln Capital IQ Consensus.
- Consolidated net sales in the quarter were below the Company's guidance for net sales of close to U.S. $700 million, mainly as a result of lower than anticipated Branded Apparel sales which were impacted by continuing lower than anticipated inventory replenishment by a U.S. major retail customer and weaker than anticipated demand during the back-to-school period.
- Co issues downside guidance for Q1, sees EPS of $0.28-0.30 vs. $0.32 Capital IQ Consensus Estimate; sees Q1 revs of in excess of $500 mln vs. $519.42 mln Capital IQ Consensus Estimate.
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