Levi Strauss shares jump as it raises guidance
(Il Sole 24 Ore Radiocor) - Milano, 8 apr - Shares in Levi Strauss jumped in premarket trading after the denim maker posted better-than-expected first quarter results and raised guidance.
The company now expects reported revenue growth this year to be 5.5-6.5%, up from a previous 5-6% forecast while adjusted diluted earnings per share are seen at 1.42-1.48 dollars, up from a previous 1.40-1.46.
At 1321 GMT Levi Strauss shares were up 14.6%.
(RADIOCOR) 08-04-26 15:22:55 (0444) 5 NNNN