RH's Q2 Earnings & Revenues Beat Estimates, Stock Up 19%

RH (RH) shares rallied 18.8% in the after-hours trading session on Sept. 12 after it reported better-thanexpected results for second-quarter fiscal 2024 (ended Aug. 3, 2024). The luxury home furnishings retailer surpassed expectations for both earnings and revenues, driven by resilient demand despite a tough housing market. Product margins turned positive, thanks to the company's ongoing investments in transforming its product lines and expanding its platform. Although growth was slower than anticipated, RH ...