Why RH Stock Popped on Friday
Furniture retailer RH (NYSE: RH) finished the stock trading week in style, with its equity rising by nearly 6% on Friday after it reported third-quarter earnings. This, despite a bottom-line miss and several guidance cuts.
For the quarter, RH's net revenue rose by 9% year-over-year to $884 million. Net income according to generally accepted accounting principles (GAAP) also saw an increase, advancing 4% to $36.3 million. On a per-share basis, however, non-GAAP (adjusted) profitability fell to $1.71 from the year-ago figure of $2.48.
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Source Fool.com
