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.
Dollar General Hit By Triple Whammy
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Dollar General Corp. (NYSE: DG), which released its third-quarter results ahead of the open on Thursday, reported earnings of $0.84 per share, below the $0.93 per share consensus estimate. Revenues came in at $5.32 billion, trailing the $5.37 billion consensus estimate. This marks the second consecutive quarter that the company missed bottom-line projections.
The company said in its earnings calls that average unit retail price deflation and reduction in SNAP benefits impacted same-store sales results by about 150 to 175 basis points.
Wal-Mart Stores, Inc. (NYSE: WMT) investments also put pressure on the company, as opposed to views by analysts that the company is likely to remain relatively immune.
The stock dropped about 5 percent on Thursday.
Five Below Stands Above
Five Below Inc (NASDAQ: FIVE) reported Thursday after the close earnings per share of $0.10, ahead of the $0.08 reported for the year-ago period and the $0.09 consensus estimate. Revenues climbed 17.5 percent to $199.5 million, below the consensus estimate of $201 million. However, comps were down 0.2 percent, suggesting that expansion has driven the growth.
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
The company guide for the fourth quarter was in line with the consensus estimate. Five Below also raised the low end of its full-year guidance.
Five Below shares are rallying over 11 percent in pre-market trading after ending Thursday's session up 1.32 percent.
Big Lots Beats And Raises
Big Lots, Inc. (NYSE: BIG) reversed to a third-quarter profit, and it posted adjusted earnings per share from continuing operations of $0.04, belying expectations for a small loss. Revenues were about in line. Comps were flattish, compared to expectations for 0–2 percent growth.
The company released its earnings ahead of the market open on Friday.
Big Lots affirmed its fourth-quarter guidance and lifted its bottom-line guidance for the full year.
Big Lots is making a big jump in pre-market, with over a 4 percent move to the upside after seeing modest gains on Thursday.
In Pre-Market Trading
- Big Lots was advancing 1.44 percent to $51.50.
- Dollar General was losing 0.24 percent to $73.30.
- Five Below was rallying 11.01 percent to $44.27.
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.