RH Reports Third Quarter 2023 Results
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RH (RH) shares tumble as 'frozen' housing market weighs on results
December 8, 2023 8:39 AM ESTRH (NYSE: RH) shares tumbled more than 7% premarket Friday after the company missed third-quarter earnings and revenue estimates.
The company posted a loss per share of ($0.42), $1.37 worse than the analyst estimate of a $0.95 profit per share, while revenue for the quarter came in at $751 million, below the consensus estimate of $756.73 million and down from the $869 million reported last year.
Its adjusted operating margin of 7.3% was also slightly below expectations due to higher than anticipated expenses, including international openings and costs related to its pending acquisition of the New... More
RH (RH) Misses Q3 EPS, Revenue
December 7, 2023 4:08 PM ESTRH (NYSE: RH) reported Q3 EPS of ($0.42), $1.37 worse than the analyst estimate of $0.95. Revenue for the quarter came in at $751 million versus the consensus estimate of $756.73 million.
For earnings history and earnings-related data on RH (RH) click here.
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