Five Below shares jump on earnings beat, outlook

Five Below Inc. shares jumped in the extended session Thursday after the teen and pre-teen retailer topped Wall Street estimates for the quarter. Five Below shares surged 12% to $31.33. The company reported third-quarter earnings of 8 cents a share on revenue of $169.7 million. Analysts surveyed by FactSet had expected 7 cents a share on revenue of $166.6 million. Five Below expects full-year earnings of $1.03 to $1.05 a share on revenue of $823 million to $828 million. Analysts had forecast $1.04 a share on revenue of $822.7 million.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.