U.S. stock futures were lower this morning, with the Dow futures falling over 50 points on Thursday.
Shares of Levi Strauss & Co. (NYSE:LEVI) fell sharply in today’s pre-market trading after the company reported mixed second-quarter financial results and issued FY24 EPS guidance with its midpoint below estimates.
Levi Strauss reported quarterly earnings of 16 cents per share which beat the analyst consensus estimate of 11 cents by 45.45%. Quarterly sales came in at $1.44 billion, missing the analyst consensus estimate of $1.45 billion.
Levi Strauss shares dipped 16.1% to $19.40 in pre-market trading.
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