Home furnishing retailer RH gains after Q2 revenue beat

RH

12/09/2024 21:41

**  Shares in home furnishing retailer RH  RH.N  rise 18.7%
to $304.49 in after hours trading
    ** RH's Q2 revenue of $829.7 mln tops estimates of $824.52
mln - LSEG
    ** Co reports adjusted net income of $33.8 mln, vs estimates
of $31.63 mln 
    ** RH expects demand trends for its upscale home furnishing
goods to accelerate throughout fiscal 2024 and into 2025 
    ** Still, forecasts Q3 revenue growth below estimates as
near-term results continue to be pressured by muted consumer
spending and a tough housing market
    ** YTD, stock down 12% as of last close

 (Reporting by Juveria Tabassum in Bengaluru)
 ((Juveria.Tabassum@thomsonreuters.com;))