Shares of many retail value stores are trading lower, including Big Lots Inc. (NYSE: BIG) and Five Below Inc. (NASDAQ: FIVE) among others, as investors digest the latest earnings reports.
Wall Street experienced a relatively quiet day on Thursday, with major indices trading within tight ranges as investors remain cautious ahead of the highly anticipated May jobs report, set for release Friday.
Five Below announced first-quarter earnings for fiscal-year 2024 on Wednesday after the market closed. The specialty-value retailer reported adjusted EPS of 60 cents, missing analyst estimates of 63 cents, and sales of $811.86 million, which fell short of analyst estimates of $836.97 million. Sales were up 11.79% compared to the same period last year.
Five Below, Inc. (NASDAQ:FIVE) reported worse-than-expected first-quarter earnings and lowered its guidance on Wednesday. Five Below reported quarterly…
Shares of Smartsheet Inc. (NYSE:SMAR) rose sharply in today’s pre-market trading after the company reported better-than-expected first-quarter financial…
Early indications from the futures market suggest caution after Wednesday’s exhilarating run. Earnings news continues to be positive, reinforcing the strength in corporate profit growth.