An employee holds a shopping bag while ringing up a customer at the Levi Strauss & Co. flagship store in San Francisco, March 18, 2019.Check out the companies making headlines after the bellafter the company reported a 4% decline in profits for its third quarter. The denim retailer pointed to struggling sales in its wholesale business in the Americas.
"U.S. wholesale was challenged ... particularly the legacy department stores and chain stores, where much publicized traffic declines have negatively impacted our business," CEO Chip Bergh said in an interview withThe lackluster profit comes despite the company's better-than-expected earnings for the quarter, posting earnings of 31 cents excluding items and revenue of $1.45 billion. Wall Street had expected earnings of 28 cents per share on revenues of $1.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks making the biggest moves premarket: GE, GM, HSBC, Dish Network, Uber, KKR & moreThese are the stocks posting the largest moves before the bell.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks making the biggest moves after hours: American Airlines, Qiagen, Ambarella and moreSee which stocks are posting big moves after the bell on Monday. That’s an odd reason to sell an airline.....
Source: CNBC - 🏆 12. / 72 Read more »
Stocks making the biggest moves midday: Ambarella, Alibaba, Hawaiian Holdings, Oracle and moreThese are the stocks posting the largest moves in midday trading.
Source: CNBC - 🏆 12. / 72 Read more »
Another theory on why stocks are under pressure lately: The 'Warren correction'Some Wall Street analysts are saying that Elizabeth Warren's recent surge in the polls is hurting stocks. Liz Warren is a parasite, she will destroy the US economy. Running on the platform of destroying our retirement accounts? Why do you guys do Trumpster's bidding? No Tarriffs killing farmers and manufacturing? No general instability and insanity in the White House? (the markets like stabiliyt, no?)
Source: CNBC - 🏆 12. / 72 Read more »
Global stocks hover as weak European data, trade anxiety offsets U.S. jobs boostGlobal stocks were little changed on Monday as broadly positive U.S. jobs data q... It's October .... Stocks are weak every October .
Source: Reuters - 🏆 2. / 97 Read more »
European stocks point to cautious open as focus turns to trade and BrexitEuropean markets looked set for a cautious open Monday morning as traders look for hints on the direction of Brexit and U.S.-China trade talks.
Source: CNBC - 🏆 12. / 72 Read more »