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Why Five Below Stock Is Soaring Today

TheMotleyFool

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Five Below (NASDAQ: FIVE) stock is gaining ground in Thursday's trading. The company's share price was up 6.5% as of 12:45 p.m. ET. Meanwhile, the S 500 (SNPINDEX: ^GSPC) was up 0.1%, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was up 0.4%.

After the market closed yesterday, Five Below published results for the first quarter of its current fiscal year. It delivered sales and earnings that beat Wall Street's expectations for the quarterly period, which ended May 3.

Image source: Getty Images.

Source Fool.com

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