RH (RH) shares are down more than 18 percent on Friday morning trade after the company reported first quarter loss, compared to profit last year on reduced revenues.
The quarterly loss was $3.63 million or $0.20 per share, compared to $41.89 million or $1.76 per share last year. On an adjusted basis, loss was $7.33 million.
Revenues for the first quarter were $726.96 million, down 17.74 percent from $739.16 million a year ago.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.