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Restoration Hardware(RH.US) rose more than 14% before the market opened, as it achieved profitability in Q3.

Market IntelFriday, Dec 13, 2024 9:40 am ET

1min read

FDS -0.37% RH -1.41%

Restoration Hardware(RH.US) jumped over 14% before the market opened on Friday, trading at $437.25. On the news, RH achieved profitability in the third quarter as its revenue increased due to strong demand for its own furniture brand. The company reported a net profit of $33.2 million, or $1.66 per share, in the three months ended November 2, compared with a loss of $2.2 million, or 12 cents per share, a year ago. Adjusting for one-time items, the company's EPS was $2.48. Analysts polled by FactSet expected an adjusted EPS of $2.65. Revenue rose 8.1% to $81.17 million, below Wall Street's expectations of $81.22 million.

"Our business is on an upswing, with third-quarter demand up 13% despite the worst real estate market in 30 years," said CEO Gary Friedman.

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EightBitMemory

12/13

$RH I purchased 400 shares on 1/3/2025. The stock is likely to decline in the coming week. Wishing everyone a happy holiday season!

mrkitanakahn

12/13

$RH Hopefully it closes at 450 and doesn't go into the red.

THenrich

12/13

Strong demand despite a weak real estate market? RH's got magic. Holding long, feels solid.

LonnieJaw748

12/13

Strong demand, but revenue miss? 🤔

Outrageous-Rate-4080

12/13

$437 stock price, bullish vibes confirmed

Corpulos

12/13

RH crushing it with that 14% pop. Who else riding this wave? 🚀

FTCommoner

12/13

$437.25? That's some serious RH action. Anyone else thinking of adding more?

DrSilentNut

12/13

Gary Friedman knows how to steer RH

TrendTracker

12/13

RH's profitability game strong. Maybe time to double down on some RH shares? 🤔

lookingforfinaltix

12/13

Holding RH for the long haul. Strong fundamentals, and a dip like this could be a nice entry point.

stocksandreales

12/13

Holding RH long-term, love their growth strategy

Outrageous_Kale_3290

12/13

RH crushing it, but EPS miss is meh

magenta_placenta

12/13

EPS beat, revenue miss. Analysts always got their hands full, huh?

waterlimes

12/13

Real estate slump can't stop RH's momentum

turkeychicken

12/13

RH's profit margin is solid, but that EPS miss might spook some. Still, long-term bulls might see this as a dip opportunity.

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