PHILADELPHIA (AP) _ Five Below Inc. (FIVE) on Wednesday reported fiscal third-quarter earnings of $10.2 million.
The Philadelphia-based company said it had net income of 18 cents per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.
The discount retailer posted revenue of $377.4 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $374 million.
For the current quarter ending in January, Five Below said it expects revenue in the range of $717 million to $732 million. Analysts surveyed by Zacks had expected revenue of $734.2 million.
The company expects full-year earnings to be $3.11 to $3.19 per share, with revenue ranging from $1.88 billion to $1.89 billion.
Five Below shares have climbed 16% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $118.87, a climb of 14% in the last 12 months.