WINSTON-SALEM, N.C. (AP) _ HanesBrands Inc. (HBI) on Thursday reported first-quarter net income of $118.7 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Winston-Salem, North Carolina-based company said it had profit of 34 cents.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.

The underwear, T-shirt and sock maker posted revenue of $1.58 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $1.54 billion.

For the current quarter ending in July, HanesBrands expects its per-share earnings to range from 32 cents to 36 cents.

The company said it expects revenue in the range of $1.68 billion to $1.73 billion for the fiscal second quarter.

HanesBrands expects full-year earnings in the range of $1.64 to $1.81 per share, with revenue ranging from $7 billion to $7.15 billion.

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

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