Restoration Hardware is going nuts after crushing earnings (RH)

pulse

December 4, 2018 4:26 PM

Restoration Hardware surged as much as 16.78% to $144.40 a share Tuesday after it reported better-than-expected earnings for the third quarter.

A customer at a Restoration Hardware storefront.

The home-furnishings provider also boosted its guidance for the fiscal year of 2019.
RH says it doesn't expect a material impact from China tariffs, and that it is confident it will gain market share even if conditions remain soft in the high end of the housing market.

Restoration Hardware, a home-furnishings provider, surged as much as 16.78% to $144.40 a share Tuesday, after it reported better-than-expected third-quarter earnings.

After Monday's closing bell, the company posted adjusted earnings of $1.73 a share, crushing the $1.27 that was expected by Wall Street, according to Bloomberg data. Its top line came at $638.5 million, beat the consensus estimate of $631.6 million.

eturn on invested capital (ROIC) to be in excess of 50%, up from the previous estimate of

The CEO of one of America's biggest homebuilders sounds the alarm on a 'housing slowdown'

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