Five Below: Fiscal Q3 Earnings Snapshot

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PHILADELPHIA (AP) _ Five Below Inc. (FIVE) on Wednesday reported fiscal third-quarter earnings of $24.2 million.

On a per-share basis, the Philadelphia-based company said it had profit of 43 cents.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.

The discount retailer posted revenue of $607.6 million in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $562.7 million.

For the current quarter ending in January, Five Below said it expects revenue in the range of $985 million to $1 billion. Analysts surveyed by Zacks had expected revenue of $1 billion.

The company expects full-year earnings to be $4.82 to $4.94 per share, with revenue ranging from $2.84 billion to $2.86 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FIVE at https://www.zacks.com/ap/FIVE