SAN FRANCISCO (AP) _ Levi Strauss & Co. (LEVI) on Thursday reported fiscal first-quarter net income of $142.5 million.
The San Francisco-based company said it had profit of 35 cents per share. Earnings, adjusted for one-time gains and costs, were 34 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.
The jeans maker posted revenue of $1.31 billion in the period.
Levi Strauss shares have climbed 25% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $25, an increase of 90% in the last 12 months.