RH: Restoration Hardware Up Sharply on Strong Earnings, Guidance

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On Thursday, Restoration Hardware Holdings (RH) reported a fourth-quarter profit and issued upbeat earnings guidance for the current quarter. Investors liked what they saw, sending RH stock up more than 8% in Friday pre-market trading.

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During the fourth quarter, RH posted earnings of $26.6 million, compared to a loss of $28.4 million in the prior-year period. Adjusted EPS came in at 83 cents, in line with previously stated estimates of between 82 cents and 85 cents a share. Quarterly revenue was $471.7 million, up 18% year-over-year, but short of the revenue of between $490 million to $500 million that RH had previously forecast, the Wall Street Journal notes.

For the fiscal first-quarter, RH said it expects a profit of between 9 cents and 11 cents per share. Wall Street was looking for earnings of 7 cents per share for the current quarter. First-quarter revenue was projected between $345 million and $350 million. Analysts are expecting revenue of $350 million.

For the full year, RH estimates earnings of between $2.14 and $2.22 per share. Analysts are looking for a profit of $2.17 per RH share. Annual revenue is anticipated to fall between $1.83 billion and $1.86 billion, slightly below the $1.89 billion analysts have predicted.

RH stock closed at $63.81 per share on Thursday. Over the past year, RH stock has climbed more than 80%.

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Article printed from InvestorPlace Media, https://investorplace.com/2014/03/rh-restoration-hardware-sharply-strong-earnings-guidance/.

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