Spirit Airlines, Five Below, JB Hunt slip in after-hours trading

Asking for a Trend host Josh Lipton checks in on some of the stocks moving the most in after-hours trading.

Shares of Five Below (FIVE) are slipping after the retailer announced a CEO transition in its second quarter guidance. CEO Joel Anderson will step down and be replaced by the company’s COO, Kenneth Bull. The company also slashed its second quarter earnings guidance, expecting a sharper decline in same-store sales than originally anticipated.

Shares of Spirit Airlines (SAVE) are also falling after the company cut its second quarter revenue guidance as a result of disappointing non-ticket revenue. The news is also weighing on shares of other airliners, including JetBlue (JBLU) and Southwest (LUV).

Similarly, shares of JB Hunt Transport Services (JBHT) are sliding after its second quarter earnings and revenue results fell below Wall Street expectations.

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This post was written by Melanie Riehl

Video Transcript

Now, let’s take a look at what’s trending here after our shares of five below sliding after the retailer announces a CEO transition and second quarter guidance, Joel Anderson stepping down as CEO and will be replaced by the company’s CEO O Kenneth Bull retailer also slashing his earnings guidance for the second quarter five below.

Now seeing earnings per share of 53 to 56 cents.

That’s down from the 57 to 69 cents previously forecasted company also expecting a sharper decline in same store sales than earlier thought.

Also watching shares of Spirit Airlines, the airline cutting its second quarter revenue guidance and the company saying that’s mostly result of disappointing non ticket revenue.

It’s got revenue to come in at roughly $1.28 billion.

That news also weighing on shares of other airlines after hours including jetblue and Southwest and turning to JB Hunt shares of the transportation giant sliding after pouring second quarter earnings below Wall Street estimates revenue for the quarter also falling below expectations total operating revenue decreasing 7% compared to the prior year.

That’s a wrap on today’s asking for a trend.

Be sure to come back tomorrow at 4:30 p.m. Eastern for all the latest market moving stories affecting your wallet.

Have a great night.