New Companies
Thursday, 7/9, 01:37 AM
Levi Strauss Beats and Raises Its Outlook, but the Stock Falls
- Levi Strauss beat Wall Street's second-quarter estimates, lifted its full-year guidance and raised its dividend by 14%, a strong showing for the denim maker.
- Yet the shares fell about 5%, a reminder that when expectations are already high, a beat is not always enough.