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Why RH Stock Was Tumbling Today

TheMotleyFool 
0 0 30.03.22
Why RH Stock Was Tumbling TodayPhoto, wide shot, wide-angle lens, Home appliance manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/5d70b6df-fa9b-4237-9702-39c36cb1d4f8.png
 

Shares of RH (NYSE: RH) were sliding today after the high-end home furnishings retailer turned in disappointing results in its fourth-quarter earnings report. The company, formerly known as Restoration Hardware, also offered weaker-than-expected guidance for 2022.

As of 12:56 p.m. ET, the stock was down 12.5%.

Image source: Getty Images.

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Source Fool.com

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