RH, formerly Restoration Hardware, Q1 rev. $557 million vs. expectations $563 million

rh formerly restoration hardware q rev  million vs expectations  million
mw logo social

RH shares jump 14% on EPS beat

Shares of RH jumped more than 14% late Tuesday after the home-goods company, formerly known as Restoration Hardware, reported fourth-quarter earnings above Wall Street expectations and forecast better profits in the first quarter. RH said it earned $261,000, or 1 cent a share, compared with $9.4 million, or 23 cents a share, in the year-ago period. Adjusted for one-time items, RH earned $43.3 million, or $1.69 a share, in the quarter, compared with $28 million, or 68 cents a share, a year ago. Sales rose 14% to $670.3 million, from $587 million a year ago. Analysts polled by FactSet had expected adjusted earnings of $1.56 a share on sales of $672 million. “In 2018, we will continue our focus on execution, architecture and cash,” the company said in a statement. For the year, RH said it expects sales between $2.53 billion and $2.57 billion, and adjusted per-share earnings between $5.45 and $6.20. Shares of RH ended the Tuesday session down 4.1%.

Read on Market Watch

Author: HEDGE

Hedge Accordingly was founded ahead of the global financial crisis in January of 2008, with the goal of providing our readers our unique take on latest news on stocks, wall street, volatility, news on wall street, articles on investing, trading, options, stocks, futures, #cnbc, #crudeoil, Bitcoin. Hedge Accordingly produces both original, and aggregated Wallst news content from top publishers around the world. We curate aggregated content covering the latest news on politics, stocks, wall street, and the tech industry. We also provide free stock charting, quotes and a bitcoin, forex and currency exchange. Learn More About HEDGEaccordingly.com