PHILADELPHIA (AP) _ Five Below Inc. (FIVE) on Wednesday reported fiscal third-quarter profit of $20.4 million.

The Philadelphia-based company said it had profit of 36 cents per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.

The discount retailer posted revenue of $476.6 million in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $444.9 million.

Five Below shares have increased 22% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $156.16, an increase of 29% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FIVE at https://www.zacks.com/ap/FIVE

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