Tag: $RH

Shares of RH climbed after the furniture retailer guided for revenue growth in the fourth quarter after swinging to a profit on improved demand levels in its latest quarter.

Shares of RH, formerly known as Restoration Hardware, jumped about 19% in the extended session Thursday, after the retailer said it continues to see healthy demand for its furniture and home furnishings, and reported a quarterly earnings beat.

Shares of RH fell after hours Thursday after the upscale furniture chain reported a bigger-than-expected first-quarter loss and forecast second-quarter sales that were below expectations.

RH posted Wednesday fourth-quarter results that fell short of Wall Street estimates, as adverse weather and shipping delays weighed on performance during the quarter, though the home furnishing company noted “exceptional” demand for its new catalogue of products.

Shares of RH dropped 7.8% to $340 on Thursday in post-market trading after the company guided for lower-than-expected revenue in the third quarter.

Another earnings cycle brings another blunt call-out by outspoken furniture-hawking CEO Gary Friedman.