Levi Strauss post-IPO earnings send shares higher

Levi Strauss & Co. LEVI, +2.72% reported the company's first earnings since its March initial public offering on Tuesday, and shares rose in extended trading. The clothing maker reported quarterly profit of $146.6 million, or 37 cents a share, on revenue of $1.44 billion, up from $1.34 billion a year ago. In the year-ago quarter, Levi's reported a loss of $19 million, mostly attributable to changes in the tax law, the company said.

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