- Earnings and revenue beat market estimates
- Stock up 27%
Restoration Hardware (NYSE:RH), a US-based home-furnishings company, reported quarterly earnings of $1.85 per share, easily beating market estimates of $1.54 per share, and significantly better than $1.33 per share reported a year earlier. This mark the fourth consecutive earnings beat over the last four quarters.
In addition, RH reported revenue of $598.4, beating the market consensus by 2.73%, and beating the year-ago revenues of $557.4 million. RH stock is up more than 27% in extended trading on Wednesday.