Five Below Posts Q4 Results, Joins LexinFintech And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
U.S. stock futures were higher this morning, with the Dow futures gaining by around 100 points on Thursday.
Shares of Five Below, Inc. (NASDAQ:FIVE) fell sharply in today’s pre-market trading after the company reported fourth-quarter financial results.
Five Below reported quarterly earnings of $3.65 per share, up from $3.07 per share from the same period last year. Quarterly revenue clocked in at $1.34 billion, up from $1.12 billion year-over-year, according to data from Benzinga Pro.
Five Below sees first-quarter earnings of between 58 cents and 69 cents per share and revenue in the range of $826 million to $846 million, based on opening approximately 55 to 60 new stores and assuming an approximate flat to 2% increase in comparable sales.
Five Below shares dipped 12.9% to $182.00 in pre-market trading.
Here are some big stocks recording losses in today’s pre-market trading session.
- LexinFintech Holdings Ltd. (NASDAQ:LX) shares fell 12.6% to $1.87 in pre-market trading following fourth-quarter financial results.
- Li Auto Inc. (NASDAQ:LI) shares declined 7.3% to $31.60 in pre-market trading after the company updated its delivery outlook. Li Auto said it now expects first-quarter deliveries of 76,000-78,000 vehicles, down from 100,000-103,000 earlier.
- TeraWulf Inc. (NASDAQ:WULF) shares fell 5.6% to $2.20 in pre-market trading after jumping over 35% on Wednesday. The company recently reported fourth-quarter financial results.
- Cheche Group Inc. (NASDAQ:CCG) shares declined 4.1% to $4.02 in pre-market trading after dipping 8% on Wednesday.
- Tourmaline Bio, Inc. (NASDAQ:TRML) shares fell 4% to $42.89 in pre-market trading. Tourmaline Bio recently posted a fourth-quarter loss of 81 cents per share.
- Sasol Limited (NYSE:SSL) fell 3.6% to $7.51 in pre-market trading after gaining over 5% on Wednesday.
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