Shares of Five Below, Inc. (FIVE) surged significantly in extended-hours trading Wednesday after the company delivered robust performance across key financial and operational metrics in its quarterly results. Continued strength in new store performance drove the sales and earnings upside versus FIVE's guidance.
For its first quarter fiscal 2015, FIVE posted net sales of $153.7 million, a 22.0% increase year over year, and adjusted net income of $4.3 million, or $0.08 per diluted share, compared to adjusted net income of $3.6 million, or $0.07 per diluted share in the same quarter the prior year, exceeding the Capital IQ Consensus Estimate of $0.07 earnings per share on revenues of $151.28 million for the period.
FIVE has raised its GAAP diluted EPS guidance for the full year fiscal 2015 to a range of $1.03 to $1.06 from the previously reported range of $1.02 to $1.05.
FIVE is a rapidly growing specialty value retailer offering a broad range of trend-right, high-quality merchandise, all priced at $5 and below and targeted at the teen and pre-teen customer.
More about Five Below, Inc. (FIVE) at www.fivebelow.com
**
After the closing bell on Wednesday, FireEye, Inc. (FEYE) and global payments technology company Visa Inc. (V) announced their intention to co-develop tools and services to help merchants and issuers protect against advanced cyber attacks targeting payment data.
The first of its kind Visa and FEYE Community Threat Intelligence offering will bring together threat information from both companies, allowing merchants and issuers to quickly detect and respond to attacks against their IT and payment infrastructure.
The companies initially plan to offer tools that will provide greater cyber intelligence and enhanced threat monitoring and will continue to work together, along with FEYE's cyber forensics group Mandiant, to add more capabilities tailored to issuers and merchants of all sizes.
Shares of FEYE climbed more than 3%, following the announcement.
FEYE has invented a purpose-built, virtual machine-based security platform that provides real-time threat protection to enterprises and governments worldwide against the next generation of cyber attacks.
More about FireEye, Inc. (FEYE) at www.fireeye.com
**
Crown Equity Holdings Inc. (CRWE) provides marketing solutions that boost customer awareness and merchant visibility on the Internet.
The company is currently developing its CRWE PR Network, which disseminates community, state, national and global news & information and is also the portal in promoting the company’s services, such as its business directory, business-to-business global trading, real estate, press release and video distribution, discounted vouchers and advertising platforms
CRWE's growing network of community targeted sites is expected to be a one-stop shop for the various needs of consumers.
The company's CRWE Press Release ( www.crwepressrelease.com ) offers increased visibility with cost effective solutions through the distribution of information to the entire CRWE Network for both public and private companies.
More about Crown Equity Holdings Inc. (CRWE) at www.crownequityholdings.com
**
Disclaimer: CRWE-PR Finance is not a registered investment adviser. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Investors should always conduct their own due diligence with any potential investment, with independent research and other professional advice. Read Full Disclaimer at CRWE-PR Finance www.finance.crwe-pr.com/disclaimer
For its first quarter fiscal 2015, FIVE posted net sales of $153.7 million, a 22.0% increase year over year, and adjusted net income of $4.3 million, or $0.08 per diluted share, compared to adjusted net income of $3.6 million, or $0.07 per diluted share in the same quarter the prior year, exceeding the Capital IQ Consensus Estimate of $0.07 earnings per share on revenues of $151.28 million for the period.
FIVE has raised its GAAP diluted EPS guidance for the full year fiscal 2015 to a range of $1.03 to $1.06 from the previously reported range of $1.02 to $1.05.
FIVE is a rapidly growing specialty value retailer offering a broad range of trend-right, high-quality merchandise, all priced at $5 and below and targeted at the teen and pre-teen customer.
More about Five Below, Inc. (FIVE) at www.fivebelow.com
**
After the closing bell on Wednesday, FireEye, Inc. (FEYE) and global payments technology company Visa Inc. (V) announced their intention to co-develop tools and services to help merchants and issuers protect against advanced cyber attacks targeting payment data.
The first of its kind Visa and FEYE Community Threat Intelligence offering will bring together threat information from both companies, allowing merchants and issuers to quickly detect and respond to attacks against their IT and payment infrastructure.
The companies initially plan to offer tools that will provide greater cyber intelligence and enhanced threat monitoring and will continue to work together, along with FEYE's cyber forensics group Mandiant, to add more capabilities tailored to issuers and merchants of all sizes.
Shares of FEYE climbed more than 3%, following the announcement.
FEYE has invented a purpose-built, virtual machine-based security platform that provides real-time threat protection to enterprises and governments worldwide against the next generation of cyber attacks.
More about FireEye, Inc. (FEYE) at www.fireeye.com
**
Crown Equity Holdings Inc. (CRWE) provides marketing solutions that boost customer awareness and merchant visibility on the Internet.
The company is currently developing its CRWE PR Network, which disseminates community, state, national and global news & information and is also the portal in promoting the company’s services, such as its business directory, business-to-business global trading, real estate, press release and video distribution, discounted vouchers and advertising platforms
CRWE's growing network of community targeted sites is expected to be a one-stop shop for the various needs of consumers.
The company's CRWE Press Release ( www.crwepressrelease.com ) offers increased visibility with cost effective solutions through the distribution of information to the entire CRWE Network for both public and private companies.
More about Crown Equity Holdings Inc. (CRWE) at www.crownequityholdings.com
**
Disclaimer: CRWE-PR Finance is not a registered investment adviser. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Investors should always conduct their own due diligence with any potential investment, with independent research and other professional advice. Read Full Disclaimer at CRWE-PR Finance www.finance.crwe-pr.com/disclaimer
