MONTREAL (AP) _ Gildan Activewear Inc. (GIL) on Wednesday reported a first-quarter loss of $99.3 million, after reporting a profit in the same period a year earlier.

The Montreal-based company said it had a loss of 50 cents per share. Earnings, adjusted for asset impairment costs and restructuring costs, came to 6 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.

The apparel maker posted revenue of $459.1 million in the period.

Gildan shares have declined 45% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $16.14, a decline of 56% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GIL at https://www.zacks.com/ap/GIL

Automated Insights, source Associated Press News