Broadcom Soars, Levi's Gains, Kimberly-Clark Slides on Distribution Center Fire
On this episode of Stock Movers:- Jeans and apparel maker Levi Strauss (LEVI) reported better-than-expected revenue and earnings and raised its fiscal year guidance. For the fiscal first quarter ended March 1, the denim giant reported adjusted earnings of 42 cents a share, up from 38 cents a share in the year-ago first quarter, and revenue of $1.74 billion, up 14%. Levi's stock is down 5% year to date through Tuesday's close, but up nearly 59% over the past 12 months.- A large fire at a Kimberly-Clark distribution center in Ontario, California, will add “uncertainty” and likely…
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