Levi Strauss & Co. Shares Drop After Lowering Revenue Forecast

Reported 4 days ago

Levi Strauss & Co. (LEVI) saw a drop in its stock price during after-hours trading following the announcement of its third-quarter earnings, where it reported adjusted earnings of $0.33 per share, exceeding Wall Street's expectations of $0.31. However, the company's revenue of $1.52 billion fell short of the Bloomberg consensus estimate of $1.55 billion, prompting it to lower its full-year revenue guidance.

Source: YAHOO

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