Why Levi Strauss Stock is Tumbling Friday Despite Solid Earnings
Scott Olson / Getty Images Levi Strauss & Co. offered future guidance that offset strong third-quarter results Key Takeaways Levi Strauss warned that tariffs will negatively affect its results in the fourth quarter. The jeans maker said fourth-quarter gross margin would fall and issued a projection for adjusted earnings per share that came in below Wall Street forecasts. The outlook offset solid third-quarter results on the top and bottom lines. Levi Strauss (LEVI) shares dropped as the jeans make ...