Levi Strauss & Co.
shares fell in the extended session Thursday after the jeans company cut its forecast for the year while topping the Wall Street earnings by a penny a share. Levi Strauss shares fell more than 5% after hours, following a 0.8% rise to close the regular session at $14.23. The company said it expects revenue to grow by 1.5% to 2.5% year-over-year, compared with a previous forecast of 1.5% to 3% growth, with adjusted earnings of $1.10 to $1.20 a share, down from the previous forecast of $1.30 to $1.
shares fell in the extended session Thursday after the jeans company cut its forecast for the year while topping the Wall Street earnings by a penny a share. Levi Strauss shares fell more than 5% after hours, following a 0.8% rise to close the regular session at $14.23. The company said it expects revenue to grow by 1.5% to 2.5% year-over-year, compared with a previous forecast of 1.5% to 3% growth, with adjusted earnings of $1.10 to $1.20 a share, down from the previous forecast of $1.30 to $1.