These are the stocks posting the largest moves in midday trading.
- Shares of the discount retailer jumped more than 13% after Five Below beat estimates on the top and bottom lines for the latest quarter. The company reported 29 cents of earnings per share on $645 million of revenue.
Analysts surveyed by Refinitiv were expecting 14 cents of earnings per share and $613 million of revenue. Fourth-quarter guidance also topped expectations. CEO Joel Anderson said in a statement that ticket and transaction metrics improved during the third quarter.
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Five Below gains, Salesforce change, jobless claims and more: Thursday's 5 things to knowTraders will keep an eye on how shares of Five Below and salesforce react to the latest earnings and news.
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Wall Street mistakenly overlooking Salesforce's solid quarter by focusing too much on co-CEO exitSalesforce issued quarterly results that we think the market would have liked in a vacuum.
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Bret Taylor steps down as co-CEO of Salesforce, leaving Marc Benioff alone at the helmA year after being promoted to the co-CEO role alongside Marc Benioff, Bret Taylor is leaving Salesforce.
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Salesforce Co-CEO Bret Taylor to Step DownBret Taylor will depart as Salesforce’s co-CEO, with co-founder Marc Benioff becoming the sole chief executive
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Salesforce co-CEO Bret Taylor leaving, stock falls after lower-than-expected forecastSalesforce reported that third-quarter net income fell to $210 million, or 21 cents a share, compared with $468 million, or 47 cents a share, in the year-ago period. $CRM also revealed the departure of co-CEO Bret Taylor, and shares fell after hours:
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