5 Stocks Making Moves on Quarterly Results

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In this article, we discuss the 5 stocks making moves on quarterly results. If you want to read our detailed analysis of these companies, go directly to the 10 Stocks Making Moves on Quarterly Results.

5. Levi Strauss & Co. (NYSE:LEVI)

Number of Hedge Fund Holders: 30

Shares of Levi Strauss & Co. (NYSE:LEVI) jumped over eight percent, hitting a nearly one-month high, after announcing better-than-expected financial results for its fiscal third quarter on Wednesday, 6 October 2021.

The clothing retailer reported adjusted earnings of 48 cents per share for the three months ended 29 August 2021, well above 8 cents per share in the comparable period of 2020. Analysts were expecting Levi Strauss & Co. (NYSE:LEVI) to post earnings of 38 cents per share.

Revenue for the quarter jumped 41 percent on a year-over-year basis to $1.5 billion, beating the consensus forecast of $1.48 billion. Total wholesale revenue climbed 45 percent in the quarter amid solid demand from the U.S. and Europe. In comparison, direct-to-consumer (DTC) revenue jumped 34 percent in the quarter.

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Levi Strauss & Co. (NYSE:LEVI) also updated the financial outlook for its fiscal fourth quarter. It expects adjusted earnings in the range of 38 – 40 cents per share and revenue growth between 20 – 21 percent for the current quarter.

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