5 Companies in The Limelight After Releasing Their Financial Results

4. Five Below, Inc. (NASDAQ:FIVE)

Number of Hedge Fund Holders: 35

Shares of Five Below, Inc. (NASDAQ:FIVE) fell over 6% on Wednesday after the company posted mixed financial results for its fiscal fourth quarter. The specialty discount retailer earned $2.49 per share, compared to $2.20 per share in the year-ago period.

Revenue came in at $996.3 million, representing a surge of 16.1% on a year-over-year basis. Analysts were expecting Five Below, Inc. (NASDAQ:FIVE) to report earnings of $2.48 per share on revenue of $1.01 billion.

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Among other updates, Five Below, Inc. (NASDAQ:FIVE) announced that it opened 17 new stores during the quarter, bringing the total count to 1,190. In addition, the company reported that it repurchased $60 million worth of its common stock during the same period.

Five Below, Inc. (NASDAQ:FIVE) also released its financial outlook for the current quarter. The company guided for earnings between $0.54 and $0.62 per share and revenue in the range of $644 – $658 million for its fiscal first quarter.