RH (RH) Misses Q3 EPS, Revenue

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Go back to RH (RH) Misses Q3 EPS, Revenue

RH (RH) shares tumble as 'frozen' housing market weighs on results

December 8, 2023 8:39 AM EST

RH (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