Five Below Shares Up 9% On Company's Earnings Beat

By Markets MarketWatch Pulse

Shares of Five Below Inc. jumped more than 9% late Thursday after the discount retailer reported fiscal third-quarter earnings above Wall Street expectations and sales slightly under forecast. Five Below said sales rose by 18% to $199.5 million in the quarter, from the $169.7 million in year-ago period. It earned $5.4 million, or 10 cents a share, in the quarter, compared with $4.3 million, or 8 cents a share, in the third quarter of fiscal 2015. Analysts polled by FactSet had expected earnings of 9 cents a share on sales of $201 million. Shares had ended the regular trading day up 1.3%.

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