Torrid Holdings Q3 EPS $(0.03) Beats $(0.05) Estimate, Sales $275.41M Beat $244.67M Estimate
Portfolio Pulse from Benzinga Newsdesk
Torrid Holdings (NYSE:CURV) reported Q3 EPS of $(0.03), surpassing the $(0.05) estimate, and sales of $275.41M, exceeding the $244.67M estimate. However, this reflects a 142.86% decrease in EPS and a 5.04% decrease in sales from the same period last year.
December 07, 2023 | 9:21 pm
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Torrid Holdings reported better-than-expected Q3 results with EPS and sales beating estimates, but showed a decline from the previous year's performance.
While Torrid Holdings beat analyst estimates for Q3, the significant decrease in EPS and sales compared to last year may concern investors. The mixed results could lead to a neutral short-term impact on the stock price as positive earnings surprises are balanced by the year-over-year decline.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100