Stock:
Symbol Lookup
Register | Login
...
History
...
...

Pre Market | Dow Jones | Gold | Newsletters | Learn


Restoration Tops Q1 Estimates, Lift FY Guidance (RH)

Friday, June 14, 2013 9:55 AM
Restoration Hardware Holdings Inc. (NYSE: RH) reported late on Thursday that its fiscal first-quarter loss narrowed due to decline in expenses and higher revenue. Adjusted earnings and revenue also topped Street’s estimates. Shares soared 10.45% in aftermarket trading as the Company provided upbeat guidance for the current quarter and upwardly revised its full-year outlook. For the fiscal first quarter, the Corte Madera Calif. based Company reported a loss of $0.16 million down from a loss of $3.73, in the same quarter of last year. On adjusted basis, the Company reported it earned 6 cents a share compared to a loss of 4 cents a share, in the year-earlier quarter. Analysts surveyed by Thomson Reuters were expecting earnings of 4 cents a share. Revenue soared 38% to $301.34 million from $217.92 million, in the same quarter of last year. Analysts’ consensus estimate was for revenue of $299.13 million. Comparable-store-sales soared 41%, having increased 26% in the year earlier quarter. Selling, general and administrative expenses fell 33.6% from 35.5%, in the same quarter of last year. For the fiscal second quarter, the Company anticipates adjusted earnings of 40 cents to 42 cents a share on revenue of $375 million to $380 million. Analysts’ consensus estimate was for earnings of 39 cents a share on revenue of $354.83 million. For the full fiscal year, the Company now expects adjusted earnings to be in the range of $1.41 to $1.47 a share on revenue of $1.47 billion to $1.51 billion. Analysts’ consensus estimate was for $1.40 a share on revenue of $1.48 billion. Earlier the Company provided earnings guidance of $1.29 to $1.37 a share on revenue of $1.42 billion to $1.45 billion.      
PRINT

FREE Options Trading Lessons
I'll show you how to unlock HUGE Gains with Options Trading
Let's make 2015 the year you get RICH!

Latest Headlines

Yahoo buys fashion website Polyvore Yahoo buys fashion website Polyvore
(Reuters) - Yahoo Inc <YHOO.O> said on Friday it agreed to buy fashion start-up Polyvore to help drive traffic and strengthen its mobile and social offerings. Yahoo, which did not disclose ter...
Only a payrolls surprise could shake stalling marketOnly a payrolls surprise could shake stalling market
NEW YORK (Reuters) - Unless next week`s payrolls report is an outlier, investors should expect a continuation of the directionless market that has kept the S&P 500 trading in place for most of t...
Exclusive: Hedge fund mogul Paulson - Gold is now 'fairly valued'Exclusive: Hedge fund mogul Paulson - Gold is now 'fairly valued'
BOSTON (Reuters) - Billionaire hedge fund manager John Paulson, one of the world`s most influential gold investors, said on Friday that the metal is now at an appropriate price level, following last...
BofA likely to hold vote this year on Moynihan chairmanship: sourceBofA likely to hold vote this year on Moynihan chairmanship: source
NEW YORK (Reuters) - Bank of America <BAC.N> is likely to hold a shareholder vote this year to determine whether Chief Executive Brian Moynihan should be allowed to retain his title of chairman ...
State pension plans putting politics above retirementsState pension plans putting politics above retirements
(Reuters) - State public pension funds love buying shares in local companies, but it is not so much a matter of “buying what you know” as “buying shares of companies with political clout.” A new s...

Loading Headlines...
 

Stock Market

Track the stock market today with the latest news and information on all things investing! Watch your stocks perform throughout the day and watch the breaking stock market news.

Feedback | disclaimer | privacy policy

Stock Market News

The Stock Market is ever changing. Keep up on your stock market news.

Stock Market Newsletters

Read up on your favorite stock market newsletters.


Learn the Stock Market

Sharper your stock trading skills with our stock market education section.