Hanesbrands Inc. saw its shares rise by more than 5 percent in after-market trading after it projected fourth-quarter revenue above Wall Street expectations.

The clothing company projected revenue of $1.7 billion to $1.73 billion in the fourth quarter, above current estimates of $1.69 billion.

The stock closed trading at $23.80 on Thursday, but was trading at $25 in after-hours trading.

The company also reported third quarter earnings per share of 45 cents, up 13 percent, in line with expectations.

It recorded operating profits of $228 million for the third quarter, up 10 percent. Net sales increased to $1.76 billion, up 11 percent.

These numbers were attributed to core growth and acquisition growth in international markets. The growth was stunted by declines in its activewear and direct to consumer business.

HanesBrands also had a record-breaking cash flow in a quarter of $337 million. The company expects to have a record cash flow for the 2016 year.

“Our sales initiatives have re-accelerated organic growth in several core categories, including 2 percent growth in the quarter for the Innerwear segment,” said Hanes Chief Executive Officer Gerald W. Evans Jr. “Our acquisitions, both past and present, are performing extremely well. Our inventory level is declining, and cash flow from operations is already $300 million ahead of last year.”

HanesBrands expects net sales of $6.15 to $6.18 billion for 2016 with operating profits of $807 to $822 million.

HanesBrands sells innerware and activewear clothing globally. Some of its brands include Hanes, Champion, Playtex, and Bali. The Fortune 500 company employs about 70,000 employees in over 40 countries.