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Why Levi Strauss Stock Just Popped 9%

TheMotleyFool

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Levi Strauss & Co. (NYSE: LEVI) stock is on a tear -- the good kind. As of 11:50 a.m. EDT, shares of the jeans maker were up 9.1% after Levi soared past analyst projections for Q3 earnings last night.

Heading into the third quarter, Wall Street had forecast Levi would earn $0.37 per share on $1.48 billion in sales. Levi only just edged out that revenue projection ($1.5 billion in sales), but it crushed on earnings, reporting a per-share profit of $0.47.

Image source: Getty Images.

Source Fool.com

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