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Five Below (FIVE) Stock Declines on Soft Outlook, RBC: Buy Aggressively

NEW YORK (TheStreet) -- Shares of Five Below (FIVE) were lower in mid-morning trading on Thursday after the company posted solid results for the 2016 second quarter, but provided light guidance.

After yesterday's closing bell, the Philadelphia-based discount retailer said it expects earnings per share between 9 cents and 10 cents on revenue of $199 million to $202 million. Analysts are projecting earnings of 10 cents per share on revenue of $203.9 million.

For fiscal 2016, Five...