SAN FRANCISCO (AP) — Levi Strauss & Co. (LEVI) on Monday reported fiscal first-quarter net income of $135 million.
The San Francisco-based company said it had profit of 34 cents per share. Earnings, adjusted for one-time gains and costs, came to 38 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.
The jeans maker posted revenue excluding discontinued operations of $1.59 billion in the period, which topped estimates. Four analysts surveyed by Zacks expected $1.54 billion.
Levi Strauss expects full-year earnings in the range of $1.20 to $1.25 per share.
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This story was corrected to show that excluding discontinued operations, quarterly revenue of $1.59 billion beat the average estimate of $1.54 billion, based on a survey of four analysts by Zacks Investment Research.
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Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LEVI at https://www.zacks.com/ap/LEVI
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