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Stock impact report

Levi Strauss shares rise after better-than-expected earnings [MarketWatch]

Levi Strauss & Co Class A (LEVI) 
Last levi strauss & co class a earnings: 4/7 04:15 pm Check Earnings Report
Company Research Source: MarketWatch
Levi Strauss shares rise after better-than-expected earnings Levi Strauss & Co. LEVI, -4.10% shares inched up 1.5% in Tuesday after-hours trading after the denim icon reported fiscal third-quarter earnings and revenue that beat expectations. Net income totaled $124.5 million, or 30 cents per share, compared with $130.1 million, or 33 cents per share, last year. Adjusted EPS of 31 cents beat the 28-cents FactSet consensus. Revenue totaled $1.45 billion, up from $1.39 billion last year and ahead of the $1.44 billion FactSet guidance. "As for the fourth quarter, we again expect strong performance in international, direct-to-consumer, women's and tops, and improved comparisons for U.S. wholesale," Levi's Chief Executive Chip Bergh said in a statement. Levi Strauss stock has slumped 18.2% over the past three months while the S&P 500 index SPX, -1.56% has fallen 2.8% for the period. Show less Read more
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