Core Viewpoint - RH reported mixed third-quarter earnings, with a notable revenue beat but earnings per share falling short of analyst expectations [2][3]. Financial Performance - Quarterly earnings were $1.71 per share, missing the analyst estimate of $2.16 by 20.87% [2]. - Quarterly revenue reached $883.81 million, surpassing the Street estimate of $883.69 million [2]. Growth Metrics - Revenue increased by 9% in the third quarter and by 18% on a two-year basis, indicating strong growth despite challenging market conditions [3]. Future Outlook - For the fourth quarter, RH projects revenue between $869.27 million and $877.4 million, which is below the analyst estimate of $896.97 million [4]. - Following the earnings report, RH stock rose by 9.58% to $168 in extended trading [4].
RH Stock Soars After Mixed Q3 Earnings