Five Below Shares Jump On Earnings Beat, Outlook
Five Below Inc. shares jumped in the extended session Thursday after the teen and pre-teen retailer topped Wall Street estimates for the quarter. Five Below shares surged 12% to $31.33. The company reported third-quarter earnings of 8 cents a share on revenue of $169.7 million. Analysts surveyed by FactSet had expected 7 cents a share on revenue of $166.6 million. Five Below expects full-year earnings of $1.03 to $1.05 a share on revenue of $823 million to $828 million. Analysts had forecast $1.04 a share on revenue of $822.7 million.
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