The denim maker Levi Strauss & Co (NYSE: LEVI) reported better-than-expected last quarter financial results on Thursday. While during the last quarter the company revenue declined by 13% year-on-year to $1.31 billion but the results beat the Wall Street estimates of $1.25 billion. Levi’s e-commerce sites and online business saw revenues grow by 41% year-on-year in the last quarter.
- Earnings per share: 0.34 vs. 0.25 expected
- Revenue: $1.31 billion vs. $1.25 billion expected
Read the more detailed report here- https://gulfbrokers.com/en/levis-stock-soars-after-the-company-lifts-revenue-forecast