MBIA Declares Special Dividend

MBIA, a financial services company, has announced a special dividend of $8 per share. This translates to a total cash payment of approximately $409 million. Approval from the New York Department of Financial Services was recently obtained to allow MBIA's wholly owned subsidiary, National Public Finance Guarantee, to pay an extraordinary dividend of $550 million. Following this news, the company's shares surged by 56%, reaching $11.54 after-hours.

Torrid Holdings Improves Revenue Guidance

Torrid Holdings, a well-known apparel and accessories brand, has revised its full-year revenue guidance after reporting better-than-expected sales results in the third quarter. The company experienced lower-than-anticipated declines in comparable sales, and it also posted a narrower loss than what analysts had predicted. As a result, Torrid Holdings' shares rose by 16% to $4.83 after-hours.

Smith & Wesson Brands' Profit Declines Amidst Rising Sales

Despite surpassing analysts' expectations with higher sales figures, Smith & Wesson Brands experienced a decline in profit for the quarter ending on October 31. The firearm manufacturer attributed this decline to inflation pressures and the need to adjust inventory levels, as stated by CFO Deana McPherson. Consequently, shares of Smith & Wesson Brands fell by 3.5% to $13.39 after-hours.