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EARNINGS SUMMARY: Details of Gildan Activewear Inc. Q2 Earnings Report

Below are the earnings highlights for Gildan Activewear Inc. (GIL.TO):

-Net Income: $102.6 Mln in Q2 vs. $116.6 Mln in the same period last year.

-EPS: $0.42 in Q2 vs. $0.47 in the same period last year.

-Analysts projected $0.44 per share

-Revenue: $714.2 Mln in Q2 vs. $693.8 Mln in the same period last year.

-Guidance:

Next quarter EPS guidance: $0.51 - $0.53

Next quarter revenue guidance: $700 Mln

Full year EPS guidance: $1.50 - $1.55

Full year revenue guidance: $2.6 Bln

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Inflation data from the U.S. garnered maximum attention this week on the economics front, along with the interest rate decision by the European Central Bank. Read our stories to find out how these two key events are set to influence monetary policy in the months ahead. Other main news from the U.S. were the release of the minutes of the latest Fed policy session and the jobless claims data. Elsewhere, the interest rate decision by the Bank of Canada was also in focus.

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