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RH, formerly Restoration Hardware Holdings, Inc., shares traded 15% higher after the company reported Q1/21 financial results that included a 78% increase in YoY total revenue.
Restoration Hardware: Fiscal Q1 Earnings Snapshot
June 9, 2021
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CORTE MADERA, Calif. (AP) Restoration Hardware Holdings Inc. (RH) on Wednesday reported fiscal first-quarter net income of $130.7 million, after reporting a loss in the same period a year earlier.
The Corte Madera, California-based company said it had profit of $4.19 per share. Earnings, adjusted for one-time gains and costs, were $4.89 per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $4.20 per share.
The furniture and housewares company posted revenue of $860.8 million in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $756.3 million.
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