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Levi Strauss beats on Q3 earnings, misses revenue estimates

Yahoo Finance Live anchors discuss third-quarter earnings for Levi Strauss.

Video Transcript

[AUDIO LOGO]

BRAD SMITH: We've got to take a look at Levi shares.

JULIE HYMAN: Yeah, we do have to.

BRAD SMITH: It's jeans Friday.

JULIE HYMAN: It is. Is it? I wish it was jeans Friday.

BRAD SMITH: I know.

JULIE HYMAN: I missed the memo.

BRAD SMITH: Maybe Sozzi's wearing jeans at home.

JULIE HYMAN: I hope he's wearing jeans at home. Before we leave--

BRAD SMITH: No comment.

JULIE HYMAN: --let's check in on those shares of Levi Strauss. That's why he stayed home today, to wear jeans. The shares are down by 6% after the company reported third quarter earnings beating on the bottom line, missing revenue estimates, though, in the latest quarter. Also, inventory levels, we've been tracking inventory so closely. Inventory up by 43% and also a weaker forecast coming as well.