Hanesbrands Rises After Activewear Sales Prompt Higher Forecast

Hanesbrands Inc. advanced the most in almost nine months after posting third-quarter profit that topped analysts’ estimates and raising its earnings forecast for the year, helped by increasing sales of activewear.

Earnings in the quarter were 50 cents a share, excluding some items, the Winston-Salem, North Carolina-based company said Wednesday in a statement. Analysts estimated 45 cents, on average. Earnings this year will be $1.66 to $1.68 a share, up from a previous projection of $1.61 to $1.66 the company said.