Hanesbrands Inc. announced preliminary third quarter earnings in line with analyst estimates, according to a filing Wednesday with the Securities and Exchange Commission.

The company said it expects to report earnings of 55 cents per share on revenue of $1.8 billion for the third quarter. Adjusted, the company is expected to report earnings of 60 cents, in line with analyst expectations.

The revenue is also what Wall Street is expecting.

The clothing manufacturer also announced its acquisition of Alternative Apparel, a marketer of better apparel basics.

Hanes purchased the Georgia-based company in an all-cash transaction valued at $60 million.

Hanes will release its third-quarter results after the market closes on Wednesday, Nov. 1.

“We met our goal of returning to organic growth, and we continued to generate strong operating cash flow,” said Hanes Chief Executive Officer Gerald W. Evans Jr. in a statement.

Evans became the CEO in 2016 after Richard Noll stepped down to role as executive chairman. Evans was previously the chief operating officer of Hanesbrands.

The Winston-Salem based clothing manufacturer produces basic apparel in the Americas, Europe, Asia, Australia and South Africa.

Brands found in the United States include Hanes, Champion, Playtex and Bali.

Hanesbrands stock closed Wednesday at $23.21, up 8 cents on the day.