Five Below shares are trading lower after the company issued Q3 EPS, Q3 revenue and FY23 EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Five Below has issued Q3 EPS, Q3 revenue and FY23 EPS guidance below estimates, leading to a decrease in its share price.
August 31, 2023 | 12:33 pm
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NEGATIVE IMPACT
Five Below's shares are trading lower due to the company's Q3 EPS, Q3 revenue and FY23 EPS guidance being below estimates.
Five Below's lower than expected guidance for Q3 EPS, Q3 revenue and FY23 EPS indicates potential financial underperformance, which is negatively affecting investor sentiment and driving the stock price down.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100