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 2014 the year you get RICH!

Latest Headlines

Faulty airbags warning expanded to 6.1. million U.S. cars: NHTSAFaulty airbags warning expanded to 6.1. million U.S. cars: NHTSA
WASHINGTON (Reuters) - The U.S. highway safety regulator, NHTSA, expanded its warning on Tuesday about faulty airbags made by Japanese auto-part maker Takata <7312.T> to 6.1 million vehicles in ...
Euro on defensive after ECB bond buy report, yen slipsEuro on defensive after ECB bond buy report, yen slips
TOKYO (Reuters) - The euro flirted with one-week lows on Wednesday following a Reuters report that the European Central Bank is considering buying corporate bonds, while recovery in risk appetite un...
Asian shares bask in glow of U.S. tech earningsAsian shares bask in glow of U.S. tech earnings
TOKYO (Reuters) - Asian shares pulled ahead on Wednesday, taking their cue from Wall Street`s strong performance as upbeat results from two technology bellwethers offset recent concerns about the ou...
Japan exports rebound in September, economy still not out of woodsJapan exports rebound in September, economy still not out of woods
TOKYO (Reuters) - Japan`s exports rose at the fastest pace in seven months in September as shipments to Asia picked up pace, but a slowdown in China, war in the Middle East and the spread of the Ebo...
Japan Sept exports rise 6.9 percent year-on-year: MOFJapan Sept exports rise 6.9 percent year-on-year: MOF
TOKYO (Reuters) - Japan`s exports rose 6.9 percent in September from a year earlier, government data showed on Wednesday, in a tentative sign that external demand is starting to pick up. The rise co...

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.