RH rises after Q3 results

RH

12/12/2024 21:34

** Home furnishings retailer RH's  RH.N  shares rise 18% to
$449.9 after the bell
    ** Co reports Q3 net revenue of $811.7 mln, up from $751.2
mln a year ago, but marginally misses analysts' estimates of
$812.2 mln — LSEG
     ** On an adjusted basis, it reported a profit of $2.48/shr,
from a loss of $0.42/shr a year earlier
    ** Analysts' had expected RH to post an adj EPS of $2.65
    ** Its Q3 net income rose to $33.2 mln vs a loss of $2.2 mln
a year ago
    ** Its adjusted operating margin grew to 15% from 7.3% last
year
    ** RH expects Q4 total demand growth of 20% to 22%, and
revenue growth of 18% to 20%
    ** Including session's moves, RH up 30.8% YTD 

 (Reporting by Abhinav Parmar in Bengaluru)
 ((abhinav.parmar@thomsonreuters.com))