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RH: Fiscal Q4 Earnings Snapshot

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CORTE MADERA, Calif. (AP) — CORTE MADERA, Calif. (AP) — RH (RH) on Wednesday reported fiscal fourth-quarter profit of $106.9 million.

On a per-share basis, the Corte Madera, California-based company said it had net income of $4.21. Earnings, adjusted for non-recurring gains, were $2.88 per share.

The results missed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $3.35 per share.

The furniture and housewares company posted revenue of $772.5 million in the period, which also missed Street forecasts. Nine analysts surveyed by Zacks expected $777.4 million.

For the year, the company reported profit of $528.6 million, or $19.90 per share. Revenue was reported as $3590.48 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

Article Topic Follows: AP National Business

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