WBD - Torrid Reports Upbeat Results Joins MBIA Virco Mfg. And Other Big Stocks Moving Higher On Friday | Benzinga
U.S. stocks traded mostly higher, with the Dow Jones index gaining more than 40 points on Friday.
Shares of Torrid Holdings Inc. (NYSE: CURV) shares rose sharply during Friday’s session after the company reported better-than-expected third-quarter financial results and issued FY23 revenue guidance above estimates.
Net sales fell 8.3% Y/Y to $275.4 million, beating the consensus of $245.8 million. EPS loss of $(0.03) came above the consensus of $(0.05).
For FY23, Torrid raised guidance for net sales to $1.125 billion-$1.140 billion (from $1.080 billion and $1.115 billion) vs. $1.09 billion estimate and adjusted EBITDA to $99 million-$103 million (from $90 million-$100 million).
Torrid Holdings shares jumped 22.3% to $5.07 on Friday.
Here are some other big stocks recording gains in today’s session.
- MBIA Inc. (NYSE: MBI) shares jumped 63.8% to $12.09 after the company announced it declared an extraordinary cash dividend on MBIA common stock of $8.00 per share.
- ALX ...