Levi Strauss & Co.
(NYSE:LEVI) stock fell in premarket trading Thursday despite the apparel maker reporting second-quarter results that topped Wall Street estimates and raising its full-year guidance.
Before the earnings release, Levi Strauss shares were trading near their 52-week high.
With high expectations already reflected in the stock, investors appeared to be looking for a larger increase in the company's outlook despite the earnings beat and raised guidance.
Levi Strauss Second-Quarter Earnings The company posted adjusted earnings of 28 cents per share, ahead of analysts' estimates of 24 cents.
