RH: Fiscal Q1 Earnings Snapshot
CORTE MADERA, Calif. (AP) — CORTE MADERA, Calif. (AP) — RH (RH) on Thursday reported fiscal first-quarter earnings of $41.9 million.
On a per-share basis, the Corte Madera, California-based company said it had profit of $1.76. Earnings, adjusted for non-recurring costs, came to $2.21 per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.08 per share.
The furniture and housewares company posted revenue of $739.2 million in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $725.3 million.
For the current quarter ending in July, RH said it expects revenue in the range of $765 million to $775 million.
The company expects full-year revenue in the range of $3 billion to $3.1 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RH at https://www.zacks.com/ap/RH