Levi Strauss (LEVI) Stock Drops Despite Strong Q2 Earnings and Upgraded Outlook
The post Levi Strauss (LEVI) Stock Drops Despite Strong Q2 Earnings and Upgraded Outlook appeared on BitcoinEthereumNews.com. TLDR Q2 adjusted earnings per share reached $0.28, surpassing analyst expectations of $0.24 Quarterly revenue climbed to $1.56 billion, an 8% year-over-year increase, exceeding the $1.52 billion forecast Company upgraded full-year EPS guidance to $1.46–$1.52 and raised revenue growth expectations to 7%–7.5% Dividend increased 14% to $0.16 per share, marking the fourth consecutive year of growth Despite positive results, LEVI shares declined over 5% during after-hours trading Levi Strauss delivered a solid Q2 performance on Wednesday, surpassing Wall Street projections for both earnings and revenue while simultaneously boosting its full-year forecast and increasing its dividend payment. Yet investors responded by sending shares down more than 5% after the closing bell. Levi Strauss & Co., LEVI For the fiscal quarter that concluded on May 31, the iconic denim manu