Five Below loses ground on outlook
Earnings, Revenue to Disappoint
Retailer Five Below reported strong fourth-quarter results, but the outlook wasn't so hot. For the current year, earnings were projected at no more than $0.59, while analysts had expected $0.70. Revenue guidance of $516 million to $521 million also lagged the $533 consensus estimate. FIVE drops almost 8 percent before the bell on my tradeMONSTER platform.
Railcar Orders Drive Greenbrier
The rails have been hot, and Greenbrier is benefiting. The company said it received orders for 5,400 railcars in the first quarter, valued at $575 million. GBX climbs almost 4 percent in early trading.
Red Hat Falls on Revenue Miss, Outlook
Software provider Red Hat earned $0.36 a share in its first quarter, beating the $0.30 consensus estimate. Revenue of $348 million, however, lagged the Street by more than $1 million. Guidance was also below consensus, and RHT is down more than 4 percent in the premarket.
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