Shares down 16.4% (Il Sole 24 Ore Radiocor) - New York, 27 Jun - Shares in Levi Strauss slid in early trading after the jeans maker reported second-quarter revenue that failed to convince as its US wholesale business continues to creak.

The company said net revenue in the second quarter, ended May 26, rose 8% from the previous year on a reported basis to 1.441 billion dollars. That was below a consensus call for 1.45 billion.

Its wholesale revenue fell by a mid-single digit percentage.

Net income rose to 18 million dollars from a loss of 2 million in the same period last year while diluted earnings per share was 0.04 dollars from zero the previous year.

Adjusted EPS was 0.16 dollars compared to 0.04.

At 1353 GMT Levi Strauss shares were down 16.4%.

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(RADIOCOR) 27-06-24 16:16:04 (0534) 5 NNNN