Diamonds and Dogs

12/1/22

Five Below (FIVE) ready for a great holiday. The discount retailer is up 12% following better than expected earnings as revenue rose 6.2% to $645.03 million. The company also raised guidance expecting a strong holiday season as the upcoming inflation-marred holiday season may drive customers to its discount stores.

Salesforce (CRM) taking a hit, dragging the Dow lower. The cloud computing software firm is down 9% following earnings. Earnings were better than expected as sales rose 14.2% to $7.84 billion. However, guidance was mixed. The company then went on to say the co-Chief Executive Bret Taylor will depart amid other management changes.

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