Levi Strauss & Co shares are trading lower after the company reported mixed Q2 financial results and issued FY24 EPS guidance with its midpoint below estimates.
Portfolio Pulse from Benzinga Newsdesk
Levi Strauss & Co shares are trading lower after the company reported mixed Q2 financial results and issued FY24 EPS guidance with its midpoint below estimates.
June 26, 2024 | 8:14 pm
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NEGATIVE IMPACT
Levi Strauss & Co shares are trading lower due to mixed Q2 financial results and FY24 EPS guidance with its midpoint below estimates.
The mixed Q2 results and lower-than-expected FY24 EPS guidance are likely to negatively impact investor sentiment, leading to a short-term decline in LEVI's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100