Restoration Hardware pops after sales forecast beats expectations (RH)

pulse

March 28, 2017 9:41 PM

Restoration Hardware shares gained 10% in after-hours trading.

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Restoration Hardware on Tuesday announced a forecast for first-quarter sales that beat analysts' expectations, sending its shares higher in extended trading.

The high-end furniture retailer said it saw first-quarter net revenues in a range of $530 million to $545 million, beating the forecast for $485.1 million according to Bloomberg.

For the fourth quarter, Restoration Hardware reported adjusted earnings per share of $0.68 and net revenues of $586.7 million, both in line with its earlier guidance.

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