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According to Reuters, a convoy carrying U.S. Presidential Envoy Witkov, Trumps son-in-law Jared Kushner, and Dmitriev has left the airport for Moscow.September 5th - According to air traffic control information, the US plane carrying US Presidential Envoy Witkov and Trumps son-in-law Jared Kushner entered Russian airspace at noon local time on September 5th. A motorcade welcoming the US representatives had entered Moscows Vnukovo Airport. US President Trump confirmed on September 4th that his special envoys Witkov and Kushner would visit Russia and Ukraine, bringing a plan to "end the war." Answering reporters questions at the White House, Trump said the Ukraine crisis "must be resolved." He added that sending Witkov and Kushner to Moscow and Kyiv "to see if we can achieve anything," and "its very likely well reach an agreement."September 5th - Due to recent heavy rainfall, flooding has occurred in many areas of Jiangxi Province, including Nanchang and Jian. On September 5th, the National Disaster Prevention, Reduction and Relief Commission and the Ministry of Emergency Management activated a Level IV national emergency response. To implement the important instructions of General Secretary Xi Jinping on flood prevention and disaster relief, and based on the "National Natural Disaster Relief Emergency Plan" and the disaster losses in Jiangxi Province, the National Development and Reform Commission has urgently allocated 20 million yuan from the central budget to support Jiangxi Province in post-disaster emergency recovery efforts following the rainstorm and flood disaster. The funds will primarily be used for the emergency reconstruction of damaged roads, water conservancy infrastructure, and public service facilities such as schools and hospitals in the disaster area, promoting the rapid restoration of normal production and living order.September 5th - According to the latest data released by the Shenzhen Real Estate Intermediary Association, in August, Shenzhen saw 3,467 new homes sold, a 23.0% decrease month-on-month but a 4.8% increase year-on-year; 5,108 existing homes were sold, a 2.3% decrease month-on-month but a 7.6% increase year-on-year. From January to August this year, approximately 48,400 existing homes were sold in Shenzhen, a 4.7% increase year-on-year.The governor appointed by Russia said that in the past 24 hours, attacks by Ukraine on the Russian-controlled Luhansk region have killed five people and injured five others.

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.