Levi Strauss beats Q1 estimates, raises full-year guidance on strong global sales

Levi Strauss & Co (NYSE:LEVI) reported first-quarter earnings that exceeded Wall Street expectations on Tuesday, lifting shares in after-hours trading as the apparel maker signaled confidence in its ongoing turnaround. The San Francisco-based company posted adjusted earnings per share of $0.42, above analysts' consensus of $0.37, on revenue of $1.74 billion, beating forecasts of $1.65 billion.