Restoration Hardware Holdings (RH) reported first quarter adjusted EPS of $0.06 after the close Thursday, which topped the consensus estimate of $0.04. The company expects to report second quarter adjusted EPS of $0.40 to $0.42 and between $1.41 and $1.47 for the full year. The consensus estimates are for EPS of $0.39 and $1.40.
Restoration Hardware gapped open sharply higher Friday and climbed in early trade, before settling into a range. Shares finished with a gain of 9.51 at $68.47 on strong volume. The stock surged to a new high.
For comments and feedback: editorial@rttnews.com