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Five Below: Fiscal 2Q Earnings Snapshot

PHILADELPHIA (AP) _ Five Below Inc. (FIVE) on Wednesday reported fiscal second-quarter earnings of $29.6 million.

On a per-share basis, the Philadelphia-based company said it had net income of 53 cents. Earnings, adjusted for non-recurring gains, were 50 cents per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.

The discount retailer posted revenue of $426.1 million in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $409.7 million.

Five Below shares have decreased nearly 9% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $116.77, a decline of slightly more than 2% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FIVE at https://www.zacks.com/ap/FIVE