RH's Q3 Earnings Lag Estimates, Revenues Top, Stock Up 18%
RHRH(RH) ZACKS·2024-12-13 23:26

RH’s (RH) shares rallied 17.7% in yesterday’s after-hours trading session despite its third-quarter fiscal 2024 (ended Nov. 2, 2024) earnings missing the Zacks Consensus Estimate.The luxury home furnishings retailer surpassed expectations for revenues, driven by resilient demand despite a tough housing market. Both metrics increased on a year-over-year basis.The company successfully met its growth expectations for demand and revenues in the fiscal third quarter, demonstrating solid year-over-year performanc ...