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The main contract for the container shipping index (European route) reversed its gains and fell during the day, with the current decline widening to 1.97% at 3779 points, after rising by more than 3% earlier.On June 2nd, local time, a bear appeared and attacked people in an office building and nearby residential area in Sasakino, Fukushima City, Fukushima Prefecture, Japan, injuring four people. The number of bear attacks on people in Japan has been increasing in recent years. Preliminary statistics released by the Japanese Ministry of the Environment in early April this year showed that from early April last year to the end of March this year, a total of 238 people were attacked by bears nationwide, of whom 13 died, both figures being record highs. Current data from the Japanese government estimates that there are more than 19,000 Asiatic black bears in the Tohoku region and 11,600 brown bears in Hokkaido.Tencent Holdings (00700.HK) continued its upward trend, with intraday gains widening to 4%. This followed earlier reports that Tencent was close to launching a WeChat AI assistant.U.S. stock index futures fell, with S&P 500 futures down 0.5%, Nasdaq 100 futures down 0.75%, and Dow Jones futures down 0.47%.June 2nd - According to Yonhap News Agency on June 1st, data released by the Korea Automobile Importers Association that day showed that Chinese-made cars ranked third among newly registered imported vehicles in South Korea in April, surpassing Japanese-made cars for the first time in history. The data showed that in April, European-made cars ranked first in new car registrations in South Korea with 16,800 units, followed by American-made cars (13,600 units), Chinese-made cars (2,023 units), and Japanese-made cars (1,974 units). Yonhap News Agency stated that this is the first time Chinese-made cars have surpassed Japanese-made cars in the South Korean imported car market. South Korean media generally regard this ranking as an important signal of a shift in the South Korean imported car market landscape. The *Korea Economic Daily* reported that Chinese car brands are rapidly increasing their presence in the South Korean market.

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.