Torrid shares are trading higher after the company reported better-than-expected Q3 financial results and issued Q4 and FY23 revenue guidance above estimates.
Portfolio Pulse from Benzinga Newsdesk
Torrid Holdings Inc. reported strong Q3 financial results, surpassing expectations, and provided Q4 and FY23 revenue guidance that exceeded analyst estimates, leading to a rise in its stock price.
December 08, 2023 | 1:27 pm
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Torrid Holdings Inc. (CURV) experienced a stock price increase following the announcement of better-than-expected Q3 results and higher future revenue guidance.
The positive financial results and optimistic revenue guidance for Q4 and FY23 suggest strong company performance and potential growth, which typically lead to increased investor confidence and upward pressure on the stock price in the short term.
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