U.S. stock futures were higher this morning, with the Dow futures gaining by around 100 points on Thursday.
Shares of Five Below, Inc. FIVE experienced a significant plunge in today’s pre-market trading session following the revelation of their fourth-quarter financial results.
Five Below proudly unveiled a jump in quarterly earnings to $3.65 per share, compared to $3.07 per share from the same period last year. In tandem, quarterly revenue skyrocketed to $1.34 billion, up from $1.12 billion year-over-year, according to data from Benzinga Pro.
Guiding us ahead, Five Below anticipates first-quarter earnings to range between 58 cents and 69 cents per share, with revenue expected to fall between $826 million to $846 million. This projection is founded on the initiation of approximately 55 to 60 new stores, coupled with assuming an approximate flat to 2% increase in comparable sales.
The market responded swiftly, with Five Below shares taking a hefty 12.9% nosedive to $182.00 in pre-market trading.
Here’s a quick rundown of some prominent stocks reflecting losses in today’s nail-biting pre-market trading session.
- LexinFintech Holdings Ltd. LX witnessed a sharp 12.6% decline to $1.87 in pre-market trading, following the unveiling of their fourth-quarter financial results.
- Li Auto Inc. LI experienced a 7.3% dip to $31.60 in pre-market trading post an update on their delivery outlook. Li Auto now expects first-quarter deliveries of 76,000-78,000 vehicles, a decrease from the earlier projected 100,000-103,000.
- TeraWulf Inc. WULF observed a 5.6% slump to $2.20 in pre-market trading after a remarkable 35% surge on Wednesday. The company recently came forth with their fourth-quarter financial results.
- Cheche Group Inc. CCG noted a 4.1% decrease to $4.02 in pre-market trading subsequent to an 8% dip on Wednesday.
- Tourmaline Bio, Inc. TRML endured a 4% drop to $42.89 in pre-market trading. Tourmaline Bio recently disclosed a fourth-quarter loss of 81 cents per share.
- Sasol Limited SSL stumbled by 3.6% to $7.51 in pre-market trading after registering a robust 5% gain on Wednesday.
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