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New York, NY -- (SBWIRE) -- 09/10/2013 -- Shares of Five Below Inc (NASDAQ:FIVE) traded up 17.79% during mid-day trading on Tuesday, hitting $48.34. The stock had a trading volume of 3,336,268 shares. Five Below Inc.reported second quarter adjusted EPS of $0.11 after the close Monday, up from $0.04 in the previous year. The consensus estimate was for EPS of $0.09. The company expects to report third quarter adjusted EPS of $0.03 to $0.04 and between $0.68 and $0.71 for the full year. The consensus estimates are for EPS of $0.03 and $0.69.
What FIVE’s Charts Are Signaling for Traders? Find Out Here
MagnaChip Semiconductor Corp. (NYSE:MX) said an offer 1.7 million shares by stockholders affiliated with Avenue Capital management II, LP priced at at 2.2% discount to Monday’s close. The chip maker, which expects to have 35.2 million shares outstanding after the offering, won’t receive any proceeds from the sale. Shares were up 2.31% at $22.18.
Will New Regulations Weigh over MX Revenue Stream? Find Out Here
Altera Corp. (NASDAQ:ALTR) announced that its Board of Directors has increased its share repurchase authorization by 30.0 million shares. With the Board's previous authorization, the new total comes to 41.1 million shares that represent approximately 13% of shares outstanding, authorized for repurchase. Altera's management believes that this authorization is sufficient to support the Company's share repurchase objectives through mid-2015.
What Should Investors Do With ALTR Now? Find Out Here
United Continental Holdings Inc. (NYSE:UAL) reported slightly lower passenger traffic in August, while American Airlines parent AMR Corp. said its traffic grew. But both took in more revenue from their passengers. United Continental shares were up 3.77% at $32.20.
Can Investors Bet On UAL After This News update? Find Out Here
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