Gildan Activewear Inc. (NYSE: GIL) blamed decreasing sales and higher expenses for sharply lower first quarter earnings of 4 cents per share compared with 23 cents per share a year earlier and suspended its full year guidance. The stock price plunged $2.46 to $7.75.
Earnings Plunge For Gildan Activewear
February 12, 2009 at 14:02 PM EST
