RH: Fiscal Q4 Earnings Snapshot
CORTE MADERA, Calif. (AP) — CORTE MADERA, Calif. (AP) — RH (RH) on Wednesday reported fiscal fourth-quarter earnings of $11.4 million.
CORTE MADERA, Calif. (AP) — CORTE MADERA, Calif. (AP) — RH (RH) on Wednesday reported fiscal fourth-quarter earnings of $11.4 million.
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The Corte Madera, California-based company said it had net income of 57 cents per share. Earnings, adjusted for non-recurring costs, were 72 cents per share.
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The results did not meet Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.71 per share.
The furniture and housewares company posted revenue of $738.3 million in the period, which also did not meet Street forecasts. Eight analysts surveyed by Zacks expected $776.9 million.
For the year, the company reported profit of $127.6 million, or $5.91 per share. Revenue was reported as $3.03 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RH at https://www.zacks.com/ap/RH