SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Levi Strauss & Co. (LEVI) on Wednesday reported a loss of $10.6 million in its fiscal first quarter.
On a per-share basis, the San Francisco-based company said it had a loss of 3 cents. Earnings, adjusted for non-recurring costs, came to 26 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.
The jeans maker posted revenue of $1.56 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $1.54 billion.
Levi Strauss expects full-year earnings in the range of $1.17 to $1.27 per share.
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This story was 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