Restoration Hardware tumbles after saying it’ll prioritize earnings over revenues (RH)

Restoration hardwareAP

Restoration Hardware shares are down more than 10% Wednesday after the high-end furniture retailer delivered earnings that beat on profits but missed on sales. The company also raised full-year guidance for earnings per share but trimmed its estimate for revenues.

The home-furnishings company reported adjusted earnings of $ 2.49 per share in the second-quarter, nearly four times that of last year and well above the $ 1.75 that was expected by Wall Street, according to Bloomberg data. Sales totaled $ 642 million — up 4% from last year’s $ 615 million — but that missed the $ 660 million that analysts were anticipating.

See the rest of the story at Business Insider

NOW WATCH: I woke up at 4:30 a.m. for a week like a Navy SEAL

See Also:

Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of and Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.