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October 19 - According to Irans Mehr News Agency, claims circulating on social media of explosions heard in eastern Tehran have been verified as false. The press office of the Seyyedal-Shohada Legion in Tehran province stated that the rumors are completely unfounded, and as of now, no explosions or security incidents have been reported in eastern Tehran.On October 19th, Saudi Arabia and the Houthi rebels in Yemen continued their mutual attacks on the 18th. Due to the escalating conflict, a landmark building in Saudi Arabia required all employees to work remotely. On the 18th local time, the Houthi rebels in Yemen issued a statement claiming that Saudi Arabia had launched 110 airstrikes and missile attacks on Yemeni provinces including Sanaa, Taiz, and Saada in the past 24 hours, causing casualties. According to the Houthi rebels, a residential building in Saada province in northern Yemen was attacked by Saudi airstrikes that day, resulting in at least nine deaths. The Saudi Civil Defense announced on the 18th that Najran in Saudi Arabia was attacked by the Houthi rebels. The Saudi Civil Defense stated that a projectile fired by the Houthis landed in a residential area, causing injuries and damage to vehicles and buildings.On October 19th, local time, Russian Presidential Press Secretary Dmitry Peskov, in response to media questions regarding Russias response to the large-scale attack on St. Petersburg by Ukraine, stated that Ukraine is in a desperate struggle and attempting to resist, but the attack on Russia cannot change the course of events. Peskov said that Russia has been responding to Ukraines actions, and a systematic and large-scale strike is underway and is yielding results.Conflict Status: 1. A drone attack caused a fire at an oil terminal in St. Petersburg, Russia. 2. Ozon, a Russian e-commerce platform, reported a fire at a logistics hub in St. Petersburg following a drone attack. 3. The governor of St. Petersburg Oblast, Russia, stated that a Ukrainian drone attack resulted in one death and five injuries. 4. Attacks on energy facilities in multiple Ukrainian regions led to power outages. 5. Zelenskyy stated that since the "energy ceasefire," Ukraines oil and gas industry has suffered 76 attacks. 6. The Russian Ministry of Defense reported hitting a cargo ship near Odessa, Ukraine. Peace Negotiations: 1. Ukrainian President Zelenskyy stated that he is discussing a peace conference with US Presidential Envoy Witkov and Trumps son-in-law Kushner. 2. Russian Foreign Minister Lavrov stated that Ukrainian President Zelenskyy does not want to negotiate and has repeatedly sabotaged negotiations. 3. Trump stated that he does not want to take actions to remove Russia from the negotiating table, and Zelenskyy does not want to end the war. Other Developments: 1. Rubio stated that Ukraine has never been granted access to StarShield. 2. Ukrainian fuel prices have increased by 46.2% in one year. 3. British media: Russias shadow fleet is suspected of using coordinated positioning to conceal its Black Sea routes. 4. Russian Deputy Prime Minister: Russia consumes 3.5 to 4 million tons of diesel fuel monthly and has a surplus available for export. 5. Ukrainian President Zelensky: Intelligence sharing between Ukraine and the US has resumed operation. 6. Zelensky accuses US President Trump of attempting to pressure Kyiv to surrender to Russia.Spot silver opened lower but then rebounded, currently trading at $57 per ounce.

Why Shares of Torrid Holdings Are Falling After the Market Closes?

Skylar Williams

Sep 08, 2022 11:18

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After-hours trading on Wednesday is negative for Torrid Holdings Inc (NYSE: CURV) following the release of mixed financial results and below-consensus projections.


Benzinga Pro reports that Torrid Holdings' second-quarter revenue increased 2% year-over-year to $340.9 million, above the average analyst forecast of $370.7 million. Quarterly earnings of 22 cents per share were below the average analyst projection of 24 cents per share.


"In preparation for the second part of the year, our team made great progress on our priorities, including clearing out excess inventory and filling important leadership roles. Despite unanticipated headwinds caused by distribution platform changes throughout the quarter, we are now fully operational and producing higher throughput and capacity "The CEO of Torrid Holdings, Lisa Harper, noted.


Torrid predicts third-quarter revenue between $290 million and $305 million, compared to the consensus estimate of $306.8 million. As opposed to the consensus estimate of $1.31 billion, the company predicts yearly revenue of between $1.26 billion and $1.3 billion.


Torrid is a North American direct-to-consumer brand that distributes apparel, intimates, and accessories to women aged 25 to 40.


Why American Eagle Shares Are Falling After Hours: This is a retailing era without precedent.


The 52-week high for Torrid is $11.29 and the 52-week low is $3.70.


At the time of publication, the stock was trading at $4.65, down 13.41% in after-hours trading.