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Five Below Posts Q4 Results, Joins LexinFintech And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

Published 21/03/2024, 10:15
© Reuters. Five Below Posts Q4 Results, Joins LexinFintech And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

Benzinga - by Avi Kapoor, Benzinga Staff Writer.

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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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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