
Shares of the cloud-based software company slid more than 9% after the firm announced the sudden departure of co-CEO Bret Taylor. Salesforce did report earnings and revenue that beat analyst expectations for the most recent quarter, however. Shares of discount retailer Five Below jumped more than 13% after Five Below beat estimates on the top and bottom lines for the latest quarter. The company announced that sales in November rose 5.7% to $19.17 billion on the year, less than the growth seen in October and September. Five Below reported 29 cents of earnings per share on revenue of $645 million of revenue, topping Wall Street’s estimates for the recent period. Ally Financial’s stock slipped 3.8% following a downgrade to underweight by Morgan Stanley citing a cautious consumer credit outlook ahead. . . .
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