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

Exclusive: Biogen prices hemophilia drug on par with older therapiesExclusive: Biogen prices hemophilia drug on par with older therapies
(Reuters) - Biogen Idec Inc is pricing its newly-approved long-acting hemophilia drug to cost U.S. patients, and insurers, about the same per year as older, less convenient therapies whose price can...
Auto airbag maker Continental named in GM recall suitAuto airbag maker Continental named in GM recall suit
(Reuters) - Plaintiffs` lawyers are seeking to draw Continental Automotive Systems U.S., the maker of airbag systems in recalled General Motors Co <GM.N> vehicles, into litigation over an igni...
Audi expects to sell half million cars in China this yearAudi expects to sell half million cars in China this year
BEIJING (Reuters) - Volkswagen`s <VOWG_p.DE> luxury division Audi plans to sell about half a million cars this year in China, the world`s biggest auto market, and raise the number of its Chine...
Monte Paschi approves plan to increase cash call to 5 billion eurosMonte Paschi approves plan to increase cash call to 5 billion euros
MILAN (Reuters) - The board of Italian bank Monte dei Paschi di Siena <BMPS.MI> on Friday approved a proposal to boost the size of a share sale it is planning to 5 billion euros ($6.9 billion)...
GM could benefit, too, from an ignition-switch victims fundGM could benefit, too, from an ignition-switch victims fund
(Reuters) - If General Motors Co creates a fund to compensate victims of its faulty ignition switches, an option that a top legal adviser suggested it is exploring, the company could give up strong ...

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.