PHILADELPHIA (AP) _ Five Below Inc. (FIVE) on Wednesday reported fiscal fourth-quarter net income of $123.9 million.

The Philadelphia-based company said it had profit of $2.20 per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.11 per share.

The discount retailer posted revenue of $858.5 million in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $839.7 million.

For the year, the company reported profit of $123.4 million, or $2.20 per share. Revenue was reported as $1.96 billion.

For the current quarter ending in May, Five Below said it expects revenue in the range of $540 million to $560 million. Analysts surveyed by Zacks had expected revenue of $422.5 million.

Five Below shares have climbed 12% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $196.01, more than tripling 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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