Five Below Posts Weak Q1 Results, Joins Sprinklr, Dorian LPG And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
U.S. stock futures were mixed this morning, with the Dow futures falling around 0.1% on Thursday.
Shares of Five Below, Inc. (NASDAQ:FIVE) fell sharply in today's pre-market trading after the company posted downbeat first-quarter results and lowered FY guidance.
Five Below reported quarterly earnings of 60 cents per share which missed the analyst consensus estimate of 63 cents per share. The company reported quarterly sales of $811.86 million which missed the analyst consensus estimate of $836.97 million, according to data from Benzinga Pro.
Five Below said it now sees full-year earnings between $5.00 and $5.40 per share, versus the $6.00 per share estimate, and full-year revenue of between $3.79 billion and $3.87 billion, versus the $4.03 billion estimate.
Five Below shares dipped 16.4% to $110.85 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
- Sprinklr, Inc. (NYSE:CXM) shares tumbled 19.3% to $8.75 in pre-market trading after the company reported its first-quarter financial results and appointed a new co-CEO Wednesday.
- Masimo Corporation (NASDAQ:MASI) shares declined 11.7% to $110.00 in pre-market trading after declining over 4% on Wednesday.
- Dorian LPG Ltd. (NYSE:LPG) shares fell 7% to $46.80 in pre-market trading after the company announced a public offering of common shares.
- Nikola Corporation (NASDAQ:NKLA) shares declined 6% to $0.5029 in pre-market trading after gaining over 6% on Wednesday.
- ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) shares declined 5.5% to $22.49 in pre-market trading after gaining around 12% on Wednesday.
- Summit Therapeutics Inc. (NASDAQ:SMMT) shares fell 5.5% to $7.60 in pre-market trading after climbing around 10% in the prior session.
- Applied Digital Corporation (NASDAQ:APLD) shares fell 4.3% to $4.47 in pre-market trading after climbing around 10% on Wednesday.
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