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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