March 25, 2015 5:04 PM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
(NASDAQ: FIVE) jumped over 3 percent in after-hours trading after the company reported better-than-expected results for the fiscal fourth quarter. The Philadelphia, Pennsylvania-based company posted quarterly net income of $33.3 million, or $0.61 per share, compared to $24.8 million, or $0.45 per share, in the year-ago quarter. Adjusted net income rose to $0.61 per share from $0.47 per share.Its revenue climbed 24.4 percent to $263.8 million. However, analysts were expecting earnings of $0.60 per share on revenue of $262.22 million.Operating income rose to $52.9 million in the fourth quarter, versus $40.3 million in the year-ago quarter. Adjusted operating income surged to $52.9 million from $41.9 million.As of January 31, 2015, the company had $63.2 million in cash and cash equivalents.Joel Anderson, CEO said, "We look forward to an exciting year in 2015 for Five Below. We plan to open 70 new stores and generate a same store sales increase of approximately 3% while simultaneously making long-term investments in people, systems and infrastructure to support our future growth. Looking ahead to 2016, as we leverage these investments, we expect to deliver net income growth of 25% +."For the current quarter, Five Below expects earnings of $0.06 to $0.07 per share, on revenue of $150 million to $152 million. Analysts had projected earnings of $0.08 per share on revenue of $154.24 million.For the full year, the company projects earnings of $1.02 to $1.05 per share, on revenue of $816 million to $824 million. Analysts had expected earnings of $1.08 per share on revenue of $833.98 million.Five Below shares surged 3.29 percent to $33.28 in the after-hours trading session.
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