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Why SentinelOne (S) Shares Are Sliding Today
Shares of cyber security company SentinelOne (NYSE:S) fell 15% in the morning session after the company reported weak third-quarter results. Revenue was just in line, which usually isn't enough for a high-growth SaaS stock. In addition, operating profit missed, meaning that the revenue growth was less profitable than expected. Overall, this was a mediocre quarter, especially in light of some strong earnings results from larger software names.
Why American Eagle (AEO) Shares Are Plunging Today
Shares of young adult apparel retailer American Eagle Outfitters (NYSE:AEO) fell 16.3% in the morning session after the company reported disappointing third-quarter earnings. Revenue and gross margin missed in the quarter. The real bad news was the guidance, though. The company expects same-store sales and operating profit well below Wall Street's estimates for the all-important holiday quarter. Overall, this was a weaker quarter.
Why Is Five Below (FIVE) Stock Soaring Today
Shares of discount retailer Five Below (NASDAQ:FIVE) jumped 15.3% in the pre-market session after the company reported strong third-quarter results that blew past analysts' revenue and EPS expectations. Besides modest contributions from improved pricing, the company's top line is also gaining from expansion to new locations, which indicates that the demand outlook is strong. Looking ahead, management increased its full-year EPS guidance, showing that the top-line growth is likely flowing to the bottom line. Overall, we think this was a strong quarter. Separately, the company announced the appointment of Winnie Park as Chief Executive Officer (CEO), effective December 16, 2024.