Why Levi Strauss Stock Just Jumped 9%

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.  

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Source Fool.com