WINSTON-SALEM, N.C. (AP) — WINSTON-SALEM, N.C. (AP) — HanesBrands Inc. (HBI) on Thursday reported fourth-quarter profit of $77.9 million.

On a per-share basis, the Winston-Salem, North Carolina-based company said it had net income of 22 cents. Earnings, adjusted for non-recurring gains, came to 3 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.

The underwear, T-shirt and sock maker posted revenue of $1.3 billion in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $1.36 billion.

For the year, the company reported a loss of $17.7 million, or 5 cents per share. Revenue was reported as $5.64 billion.

For the current quarter ending in March, HanesBrands expects its results to range from a loss of 10 cents per share to a loss of 4 cents per share.

The company said it expects revenue in the range of $1.13 billion to $1.19 billion for the fiscal first quarter.

HanesBrands expects full-year earnings in the range of 42 cents to 48 cents per share, with revenue ranging from $5.35 billion to $5.47 billion.

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