SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Levi Strauss & Co. (LEVI) on Wednesday reported fiscal second-quarter profit of $18 million.
The San Francisco-based company said it had profit of 4 cents per share. Earnings, adjusted for one-time gains and costs, came to 16 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.
The jeans maker posted revenue of $1.44 billion in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $1.45 billion.
Levi Strauss expects full-year earnings in the range of $1.17 to $1.27 per share.
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