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Sometimes, markets can be a harsher judge than the fashion police.
Levi Strauss & Co. reported top- and bottom-line figures Wednesday that beat Wall Street's second-quarter forecasts, hiked its earnings guidance and increased its dividend. Shares in the jeansmaker nonetheless fell 5% in after-hours trading. With demand for denim steady, why did investors react like it's cheap rayon?
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READ ALSO: Can SK Hynix Escape Chipmaking's Cyclical Curse After Nasdaq Debut? and AstraZeneca Plunges After New Heart Disease Drug Fails Trial
Sometimes, markets can be a harsher judge than the fashion police.
Levi Strauss & Co. reported top- and bottom-line figures Wednesday that beat Wall Street's second-quarter forecasts, hiked its earnings guidance and increased its dividend. Shares in the jeansmaker nonetheless fell 5% in after-hours trading. With demand for denim steady, why did investors react like it's cheap rayon?
Sign up for The Daily Upside at no cost for premium **** ysis on all your favorite stocks.
READ ALSO: Can SK Hynix Escape Chipmaking's Cyclical Curse After Nasdaq Debut? and AstraZeneca Plunges After New Heart Disease Drug Fails Trial
22 days ago
