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Why Levi Strauss Stock Just Jumped 9%

TheMotleyFool

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Levi Strauss & Co. (NYSE: LEVI) exceeded analysts' earnings estimates last night, and its stock is defying the market downturn and zipping higher on Thursday afternoon. As of 2:50 p.m. ET, shares of the blue jeans specialist were up a solid 9%.

Heading into Q4, Wall Street forecasters had predicted Levi would earn $0.40 per share on $1.68 billion in sales, and that's almost exactly what Levi delivered. In fact, the company beat estimates by just $0.01, earning $0.41 per share for the quarter.

Image source: Getty Images.

Source Fool.com

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