Torrid jumps 9% on earnings beat
Direct-to-consumer fashion company Torrid gained nearly 9% after the bell as investors cheered better-than-expected earnings and overlooked underwhelming forward guidance.
Torrid posted an earnings per share loss of 4 cents in the fourth quarter, a smaller drop than the 7 cents expected by analysts polled by FactSet. Comparable store sales were down less than anticipated, while revenue for the quarter came in at $301.2 million compared with the $292.1 million expected by analysts.
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