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Company News

BUZZ-Gildan Activewear: Eyes biggest one-day gain in 9 yrs after results

** U.S. shares of Canadian sports apparel maker soar 17 pct to 3-month high of $30.42; set for best one-day jump since May 2009

** GIL among top pct advancers on NYSE

** Gildan raises FY adj EPS, net sales forecasts after strong demand for its products in Q2

** Q2 profit and revenue beat est after last quarter’s miss

** Canadian shares of Gildan also up 17.2 pct

** More than 1.9 mln shares traded, 2.9x its 25-DMA

** Stock cuts YTD losses to 5.9 pct (Reporting by Medha Singh in Bengaluru)

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