Why Levi Strauss Stock Was Soaring Today

Shares of the apparel company were up on better-than-expected earnings results.Shares of Levi Strauss (LEVI 14.82%) were soaring today after the apparel company beat estimates in its first-quarter earnings report and raised its guidance for the year.As of 10:21 a.m. ET, the stock was up 17.5% on the news. Levi hops over a low barLevi Strauss said revenue in the quarter was down 8% to $1.56 billion, but that was slightly ahead of the consensus at $1.55 billion.Revenue was down in part due to one-time events ...