SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Levi Strauss & Co. (LEVI) on Wednesday reported fiscal third-quarter net income of $20.7 million.
The San Francisco-based company said it had net income of 5 cents per share. Earnings, adjusted for non-recurring costs, were 33 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share.
The jeans maker posted revenue of $1.52 billion in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $1.55 billion.
Levi Strauss expects full-year earnings in the range of $1.17 to $1.27 per share.
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