Retailer RH reports third-quarter revenue of $811.73 million, missing the consensus estimate of $812.16 million, according to Benzinga Pro.

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RH Q3 Earnings: Revenue, EPS Miss Estimates, Shares Soar On Strong Guidance, Accelerating Demand - RH (NYSE:RH)

RH (NYSE:RH) reported financial results for the third quarter Thursday after the bell. Here’s a rundown of the report. Q3 Earnings: RH reported third-quarter revenue of $811.73 million, missing the consensus estimate of $812.16 million, according to Benzinga Pro. The luxury retailer reported third-quarter adjusted earnings of $2.48 per share, missing analyst estimates of $2.65 per share. Despite reporting headline numbers that fell short of anal…

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RH said that demand for its pricey home furnishings continues unabated despite “the worst housing market in 30 years” and teased a new product line for next year.

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MarketWatch

Murdoch family

RH says demand is through the roof despite ‘worst’ housing market in decades

RH (RH) reports increase in demand and flat revenue in Q3.

Seeking Alpha

RH soars after saying it defied the worst housing market in 30 years (NYSE:RH)

RH (formerly Restoration Hardware) shares surged 17% after reporting a Q3 profit of $33.2 million and raising its fourth quarter guidance.

Penske Media Corporation

RH Shares Surge After Company Swings to Profit in Q3, Raises Guidance

Guggenheim upped their target price on shares of RH from $425.00 to $550.00 and gave the stock a "buy" rating in a research note on Friday.

marketbeat.com

RH (NYSE:RH) Stock Price Expected to Rise, Guggenheim Analyst Says

RH stock rallied late Thursday after the home furnishing retailer guided double-digit revenue, demand growth for Q4.  The post RH Guides 20% To Revenue Spike, Shares Soar As Demand Accelerates appeared first on Investor's Business Daily.

Investor's Business Daily

RH Guides 20% To Revenue Spike, Shares Soar As Demand Accelerates

CORTE MADERA, Calif. — Top 100 retailer RH beat its year-over-year sales figures by 8.1% in the third quarter of FY2024 and posted a profit, reversing a loss from a year ago. For the three months ended Nov. 2, the Corte Madera, Calif.-based retailer recorded net revenues of $811.732 million, up 8.1% compared with $751.225 million in the third quarter of 2023. Its net income for the quarter was $33.168 million, or $1.66 per diluted share vs. a lo…

Furniture Today

RH revenues ahead 8% in third quarter - Furniture Today

RH (NYSE:RH – Get Free Report) released its earnings results on Thursday. The company reported $2.48 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.19), Zacks reports. RH had a net margin of 1.13% and a negative return on equity of 11.29%. RH Price Performance Shares of NYSE:RH traded down […]

themarketsdaily.com

RH (NYSE:RH) Posts  Earnings Results

RH (NYSE:RH – Free Report) had its price objective boosted by Guggenheim from $425.00 to $550.00 in a research note released on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock. A number of other analysts also recently commented on RH. Citigroup increased their price target on RH from $340.00 to $355.00 […]

americanbankingnews.com

RH Soars Despite Market Challenges Luxury home furnishings retailer RH is defying the odds, experiencing a remarkable surge in demand despite a tough housing market. Investors are flocking to the company’s stock as it reports an encouraging outlook for the coming months.… Read the rest The post Luxury Retailer Thrives Amid Housing Slump! Find Out the Strategy Behind RH’s Success. appeared first on elblog.pl.

RH Q3 Earnings: Revenue, EPS Miss Estimates, Shares Soar On Strong Guidance, Accelerating Demand - RH (NYSE:RH)

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