Why Levi Strauss Shares Are Trading Lower By Over 10%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Avi Kapoor
Levi Strauss shares dropped over 10% in pre-market trading after reporting better-than-expected earnings but missing sales estimates for Q3. The company provided a fiscal year 2024 earnings forecast slightly below analyst expectations. Several other stocks experienced significant pre-market movements.
October 03, 2024 | 9:24 am
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Levi Strauss shares fell over 10% in pre-market trading due to mixed Q3 results, with earnings beating but sales missing estimates. The FY 2024 earnings forecast midpoint is slightly below analyst expectations.
The significant drop in Levi Strauss shares is due to the mixed Q3 results where earnings exceeded expectations but sales fell short. Additionally, the FY 2024 earnings forecast midpoint is slightly below the analyst estimate, contributing to the negative sentiment.
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