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Gildan Activewear Inc.

04:04 PM EST - Gildan Activewear Inc. : reported second-quarter net earnings of $48.8 million U.S. or $0.40 U.S. per share, compared to $7.1 million U.S. or $0.06 U.S. per share last year. Before restructuring charges, adjusted net earnings amounted to $49.8 million U.S. or $0.41 U.S. per share, compared to $7.2 million U.S. or $0.06 U.S. per share in the second quarter of fiscal 2009. Net sales reached $326.8 million U.S., up 33.5% from $244.8 million U.S. in the second quarter of last year. Gildan Activewear Inc. shares T.GIL are trading up $0.93 at $31.13.