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Five Below, Inc. stock price
Five Below, Inc. latest news:
Five Below shares rise on earnings beat, outlook
Five Below Inc. shares rose in the extended session Wednesday after the teen retailer topped Wall Street expectations for the quarter. Five Below shares rose 3.5% to $51 after hours. The company reported second-quarter net income of $16.8 million, or 30 cents a share, compared to $9.8 million, or 18 cents a share, in the year-ago period. Revenue rose to $283.3 million from $220.1 million in the year-ago period. Analysts surveyed by FactSet had estimated earnings of 26 cents a share on revenue of $276.6 million. For the third quarter, Five Below estimates earnings of 11 cents to 13 cents a share on revenue of $241 million to $246 million. Analysts had forecast earnings of 12 cents a share on revenue of $242.8 million.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Five Below Q2 earnings per share $0.30
Five Below Inc(FIVE): * Five Below(FIVE), Inc. Announces second quarter fiscal 2017 financial results. * Q2 earnings per share $0.30. * Q2 sales $283.3 million versus I/B/E/S view $276.6 million. * Q2 same store sales rose 9.3 percent.
FTSE 100 falls short of record high
The index closes five points below its previous record level after a late rally runs out of steam.
Snap's stock surges toward first back-to-back rally in 5 weeks
Shares of Snapchat parent Snap Inc. shot up 3.9% in midday trade Friday, putting it on course for back-to-back gains for the first time in five weeks. The disappearing-messaging app company's stock has now run up 13% since it hit a record intraday low of $11.90 on Thursday, when it was down as much as 5.9% before bouncing sharply to close up 2.2%. It was still down 1.8% since its closed at $13.67 on July 31, which was when the post-IPO lockup period expired. Prior to Thursday's gain, the stock had fallen in 17 of the previous 20 sessions. The last time the stock rose for more than just one day was the three-session win streak ending June 29. It was still 21% below the $17 IPO price. Snap is scheduled to report second-quarter results after the Aug. 10 close. The stock has tumbled 41% over the past three months, while rival Instagram parent Facebook Inc. shares have rallied 12% and the S&P 500 has gained 3.6%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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