Five Below Posts Q4 Results, Joins LexinFintech And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
Portfolio Pulse from Avi Kapoor
Five Below, Inc. (NASDAQ:FIVE) reported Q4 earnings of $3.65 per share, up from $3.07 year-over-year, with revenue of $1.34 billion, up from $1.12 billion. The company anticipates Q1 earnings between 58 cents and 69 cents per share, with revenue between $826 million and $846 million. Shares fell 12.9% in pre-market trading. Other stocks like LexinFintech Holdings Ltd. (NASDAQ:LX), Li Auto Inc. (NASDAQ:LI), TeraWulf Inc. (NASDAQ:WULF), Cheche Group Inc. (NASDAQ:CCG), Tourmaline Bio, Inc. (NASDAQ:TRML), and Sasol Limited (NYSE:SSL) also recorded losses in pre-market trading following their respective updates.
March 21, 2024 | 10:15 am
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NEGATIVE IMPACT
Cheche Group Inc. shares declined 4.1% in pre-market trading after dropping 8% on Wednesday.
The continued decline in Cheche Group's share price suggests ongoing investor concerns, possibly related to its financial health or market position.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Five Below reported increased Q4 earnings and revenue, with a forecast for Q1 earnings and revenue growth. Shares fell 12.9% in pre-market trading.
Despite reporting growth in earnings and revenue, the significant pre-market share price drop indicates investor concerns, possibly about the forecasted growth rates or broader market conditions.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Li Auto Inc. shares declined 7.3% in pre-market trading after revising its delivery outlook downwards.
The downward revision of the delivery outlook likely disappointed investors, leading to a decline in Li Auto's share price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80
NEGATIVE IMPACT
LexinFintech Holdings Ltd. shares fell 12.6% in pre-market trading following its Q4 financial results.
The drop in LexinFintech's share price following its Q4 financial results suggests that the results may have not met investor expectations.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Sasol Limited shares fell 3.6% in pre-market trading after gaining over 5% on Wednesday.
The pre-market decline in Sasol Limited's shares could be a reaction to the previous day's gains, indicating a possible market correction.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Tourmaline Bio, Inc. shares fell 4% in pre-market trading after posting a Q4 loss.
The Q4 loss likely led to investor disappointment, resulting in a decline in Tourmaline Bio's share price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
TeraWulf Inc. shares fell 5.6% in pre-market trading after a significant jump the previous day, following its Q4 financial results.
The pre-market decline could be a correction following the previous day's significant jump, possibly due to profit-taking by investors.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70